Down but not out — that’s the state of the Chinese economy as it stands today amidst the prolonged trade war against the United States. Despite all the challenges, the communist regime under President Xi Jinping remains committed to going a step up in the rankings to make China the largest economy in the world, by utilizing technologies like blockchain.
Even more interestingly, it is not just the existing global financial order that China is hell-bent on dominating, the country wants to lead the charts when it comes to blockchain and the decentralized digital economy as well.Source link hereNow all they need to complete the puzzle is to embrace Bitcoin and other cryptocurrencies within their country.
Of course, I do respect China for embracing the disruptive blockchain technology, as combining it with 5G and Supercity projects. However, I surely think that the biggest mistake or regret that they have later on is welcoming Bitcoin and other cryptocurrencies in open arms.
Maybe they were thriving enough in their economic, but I surely believe they will grow even faster when adopting Bitcoin and cryptocurrencies in their financial ecosystem, or else they would be left behind of what we call "the future" in spending money without borders.
