China Announces Plans to Foster National Blockchain Network, AI, and Quantum Technology

China is pushing for the establishment of a national-level blockchain network and integrated computing infrastructure. While maintaining restrictions on digital asset trading, the country plans to foster next-generation technologies such as blockchain, artificial intelligence (AI), and quantum computing at the national level. The Central Committee of the Communist Party of China and the State Council have announced policies for the development of the digital economy, which include plans for a nationwide integrated computing network, expansion of the AI industry, and the promotion of quantum technology. Since 2021, China has banned digital asset trading, but it continues to promote the development of blockchain technology and the expansion of digital economy infrastructure. Additionally, proposals have been made to ease regulations on stablecoins to promote the use of the digital yuan. China's policies contrast with the United States, which is working to create a favorable regulatory environment for the digital asset industry. China plans to fully implement its AI Plus (AI+) action plan and develop AI and quantum computing as future industries. However, no specific timeline has been announced for the completion of the national blockchain network or the resumption of digital asset trading.