My feeling about China over the last few decades is that it is the model of a rational actor in regards both it's internal politics and external dealings with the rest of the world. The idea of decentralisation does not sit nicely within the CCP and indeed it seems an affront to a political system that is generally seeking to pull power back towards Beijing. However, I also believe that the Chinese know that if they want to maintain their position as a global power and indeed surpass the USA as the dominate player on the international stage then they really need to be at the forefront of the next few big tech developments rather than just adopting them from the West. I think if the way that China has developed over the last generation is anything to go by then you'd have to believe that they will find a way to make blockchain work for them rather than allowing political or other irrational ideologies get in the way of progress.
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