After emphasising that blockchain technology plays and important role in technological innovation and industrial transformation, China's President Xi Jinping expressed his intention to accelerate the adoption of blockchain technology in the country.
Xi Jinping pointed out that this can be used in a variety of industries, such as Digital Finance, IoT, Supply Chain and others. China already has a good foundation in the use of the blockchain, but it is necessary to push further both in terms of development and in terms of economic and social integration. All this with the aim of making China the leading country in the Blockchain sector to gain new industrial advantages.
The announcement was made shortly after Mark Zuckerberg's testimony in front of the U.S. Congress, where he tried to convince them to release Libra, up to saying: "If America doesn't innovate, our financial leadership is not guaranteed."
Moreover, during the Crypto Ranking of 2019 published by the CCID Research Institute of the Ministry of Industry and Information Technology of China, EOS has always been in first place, confirming China's interest in our blockchain.