Xinhua reported on October 23 that China’s latest informatization plan aims to largely complete, or basically establish, a national blockchain network by 2030. The reported target points to a state digital-infrastructure buildout rather than a change in cryptocurrency policy, with separate 2026 legal analysis indicating China’s prohibition framework for crypto-related business activity remains in place.

What China’s 2030 blockchain target appears to cover

The current development is a reported planning objective, not evidence of a finished rollout blueprint. Xinhua’s wording is narrower than claims of a fully deployed national network by 2030: it says China aims to largely complete, or basically establish, a national blockchain network within a broader five-year digital-development plan.

That distinction matters. A goal to largely complete a network suggests a buildout target inside a national infrastructure agenda, while leaving open the actual operating model, governance design and implementation sequence. Xinhua’s extract also pairs the blockchain-network objective with faster intelligent-internet development, reinforcing that this sits inside a wider state informatization strategy rather than a stand-alone crypto or capital-markets initiative.

Additional secondary reporting adds more practical scope, but still at the reporting level rather than as inspected policy text. crypto.news said the document directs authorities to build blockchain infrastructure and develop applications in shipping, government services, taxation and carbon reduction. The same report said the plan does not provide a separate spending total or annual construction schedule.

So the clearest answer to what was announced is this: China reportedly set a 2030 target for a mostly completed national blockchain network as part of long-range digital infrastructure planning. What remains unsettled from the available reporting is how that network would work in practice, who would run it, who could connect to it and which agencies would lead implementation.

Why the plan does not equal crypto legalization

No change in China’s cryptocurrency policy is established by the reported October 23 plan coverage. The blockchain-network story is framed as infrastructure policy, while a separate February 6, 2026 legal analysis by Norton Rose Fulbright said an updated Chinese notice maintained the country’s prohibition framework for cryptocurrency-related business activities and superseded a 2021 notice.

That is the key separation readers need. A state-backed blockchain network can fit a permissioned, supervised public-administration or enterprise-data model without implying a reopening of mainland crypto trading. None of the retrieved reporting shows the October plan reversing the framework described in that February 2026 analysis.

At the same time, the available material does not support stronger claims that the October plan itself expressly excludes every public-blockchain or cryptoasset connection. The underlying plan text was not directly inspected, so it is more accurate to say the current reporting supports an infrastructure push, not a proven liberalization of Bitcoin, Ether or exchange activity.

For readers asking whether this is bullish regulatory news for crypto trading in mainland China, the defensible answer is no. The reported policy signal is about national blockchain capacity and standards, while the separate crypto-regulatory context still points to a restrictive regime for crypto-related business activity.