KEY INSIGHTS
- The China blockchain network plans consist of integrated computational infrastructures as well as initiatives to link digital services to industrial production.
- Data ownership reforms and pilot projects are among China’s plans to consider data as an economic asset.
- China advances blockchain infrastructure while maintaining separate restrictions on cryptocurrency businesses and offshore renminbi-pegged stablecoins.
China has included a national blockchain network in a 19-measure policy plan that also targets data ownership rules, industrial digitalization and investment in emerging industries. The opinion, issued by the Communist Party of China Central Committee and the State Council on October 9, places the proposed network within a broader effort to connect digital infrastructure with real-world production.
Published by Xinhua News Agency, the document calls for an integrated national computing power network and improvements to the construction and operation of national data infrastructure. It also proposes pilot projects that treat data as an economic resource, alongside measures governing data transactions and the protection of participants’ rights.
The opinion does not specify when the blockchain network will be built or explain how it will operate. Its provisions instead outline several areas of policy development, linking infrastructure planning with changes to data governance, manufacturing and digital industry support.
China’s Blockchain Network Plan Addresses Data Ownership
The proposed blockchain network forms part of a policy framework that gives considerable attention to the management and exchange of data. Authorities are directed to improve rules on data ownership, market transactions, rights allocation and the protection of economic interests.
Source: Watcher.Guru
Further, the policy document mentions the use of pilot projects on data as a productive input factor. Such pilot projects will be implemented along with improved national-level data infrastructure initiatives even though the opinion fails to mention organizations involved and their implementation time schedule.
The movement of information across borders is another topic addressed by the policy. The government wants to study ways to implement efficient transfer of data across jurisdictions and at the same time create a free, open, and secure data market.
The measures do not outline a detailed framework for the implementation of the network. They further do not specify its technical architecture, users, and existing infrastructure relation.
Alongside these provisions, the opinion identifies smart manufacturing, industrial internet initiatives and the East Data, West Computing program as priorities. The national blockchain network and integrated computing network are included in the same set of measures, connecting infrastructure development with industrial applications.
Industrial Digitalization Forms a Separate Policy Priority
China’s October 9 plan also addresses businesses that develop digital products and services and those adopting digital technologies in their operations. It calls for improvements to the policy framework supporting digital industrialization and industrial digitalization.
The opinion further proposes building internationally competitive digital industry clusters. Nevertheless, there is no indication made regarding the companies to receive support, financial allocation per industry sector, or any target figures for these clusters.
Investment policy is another part of the document. Authorities are instructed to use existing fiscal policies and encourage sustained private capital investment in technology development. The plan also calls for mechanisms to increase investment in future industries and share investment risks.
Previous Measures Link Blockchain With Business Lending
Earlier Chinese policies have addressed blockchain applications in financial services, particularly information sharing used in lending decisions.
On April 6, crypto.news reported that the State Administration of Taxation and the National Financial Regulatory Administration had encouraged blockchain-based tax data sharing. Their notice addressed the exchange of standardized information among banks, tax authorities and businesses to help lenders assess borrowers.
The agencies also recommended improvements to credit models and loan approval procedures. Financing was directed toward compliant enterprises that pay taxes, placing the initiative within efforts to support small-business lending rather than the construction of national blockchain infrastructure.
At the regional level, Guangdong’s Department of Commerce proposed cross-border digital yuan trials in a draft free trade zone development plan for 2026–2030. Released on August 6, the consultation document also covered offshore finance, green finance and financial technology trials.
The draft included proposals involving supply chain finance, intellectual property-backed lending, cross-border credit asset transfers and multi-currency accounts. Public feedback was invited through September 5 before the department reviewed submissions and completed the plan.
FAQs
What is China planning to build?
China has called for a national blockchain network and an integrated national computing power network under its October 9 policy opinion.
What other measures accompany the blockchain proposal?
The plan covers data ownership and transactions, national data infrastructure, smart manufacturing, industrial internet projects and investment in technology development.
Has China disclosed a launch date?
No. The supplied opinion does not provide a construction timeline or technical specifications for the proposed network.
