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      China's Central Committee and State Council Advocate for National Blockchain Network

      On October 10, 2026, the Central Committee of the Communist Party of China and the State Council released a set of opinions aimed at enhancing productivity through the integration of the real and digital economies. The initiative includes plans to establish a national blockchain network and an integrated computing power network, which are expected to facilitate the development of a more efficient digital economy.

      The opinions emphasize the need for a robust framework for data property rights, market transactions, and interest protection. They also call for pilot demonstrations to optimize the use of data elements and enhance the national data infrastructure. This initiative aims to create an open and secure market for data elements, promoting efficient cross-border data flow.

      Additionally, the document outlines strategies for fostering digital industrialization and creating competitive digital industry clusters. It highlights the importance of long-term capital investment in advanced technologies and proposes mechanisms for risk sharing and investment growth in future industries. These measures are designed to strengthen China's position in the global digital economy.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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