Mapping Out China's Blockchain Ecosystem

China is known for its technological advancements derived from government initiative investments. Despite banning crypto-related businesses such as mining and trading since September 2021, the crypto and blockchain industry showed robust growth.

As one of the largest economic and political giants today, China boasts a GDP of $17.963 trillion, accounting for 17.86% of the global GDP, according to Worldometer. Despite regulatory actions by the government, the blockchain industry market size in China is estimated to be $1.16 billion, constituting 15.67% of the global blockchain industry.