For the first time, the words blockchain and digital currency have been officially written into China’s blueprint for the next half-decade. The National People’s Congress published the 14th five-year plan — a guiding document for the country’s future social development and economic growth — after the curtain dropped this month on Lianghui, or “two sessions,” the most important parliamentary meetings in China.
With a focus on digital transformation, China is expected to invest more in technology research and development, including blockchain, with municipal and provincial governments following the national playbook and customizing it for their own local five-year plans.
