The Chinese state corporation from the sphere of rocket and missile weapons, China Aerospace Science and Industry Corporation, announced the introduction of blocking technologies in the field of electronic accounting.

They believe it can effectively track data and to ensure their authenticity and this is important.

They are interested but it's not the technology for them currently, they want something to suppress their people. Something to keep them from being free, bitcoin is not that.

I think it shows how advanced the people of China are. They understand that cryptocurrencies are the future and are ahead of us in this race of blockchain adoption.

I think China is giving importance to blockchain is it because China is one of the developing country of the world in terms of technology.

The blockchain technology is itself such an important part of the internet that not only China but many other countries have started to recognize it's true potential.
China has been in the crypto space for a long time and since it holds a majority part of the mining operations, China is considered to be an important country for the crypto space.
Despite it's ban on cryptocurrencies it is still operating mining and crypto to crypto trading which shows us that if China is giving so much importance to blockchain and cryptocurrencies then there must be a bright scope of future for blockchain and crypto.

China slowly wins this world without any war or agression. They are smart people who use their brains in the right way. China is number one in technological sense already and Blockchain technology is also in this list, they see a huge perspective in its use, that's why the interest is so big.

China wants to have their hands on all the new technologies.  They want to make sure they don’t fall behind the Western countries.  There is a race towards global dominance and the Chinese want to be part of that conversation. 

We all know that Blockchain is an extraordinary technology. A technology that can create a centralized system that has a very high level of security. I think that the Chinese government is not wrong in making decisions, the right use of blockchain technology will make a country one level better than other countries. China will start and I am very confident that more countries will implement the Blockchain System.

Importance of Block chain is very important to this age i think that is why China is considering it and doing their best to understand it, It has great potential in the future, This will tell us that Block chain will have a big role in the future of Currency holdings.

Knowing chinese, they are so business minded. From the old times they are the one who are very good in knowing the opportunities in their environment that they can earn money. Here in our country, the richest people are the Chinese businessmen, and the nationals are the one who are the workers of these businessmen. I think they see blockchain technology as an opportunity to create money and maybe the reason why they do not adapt bitcoin is that they do not want to compete with it but to create their own so that they will not have competition.