i can see why the "blockchain-not-bitcoin" idiots went wrong. there is only one blockchain that has a valid use case and that is an invention: bitcoin.
to see an entire high-tech nation, and not a marginal one, to fall for this stupidity is hard to believe. the only explanation i have ( and i am no expert in this field) is that TRUST is such a big issue for china, since there is this culture of cheating and now they hope that "blockchain" will somehow make it easier for them to trust companies (for example).
i dont see "blockchain" working. it is out for a decade now, where are the applications? other than money/bitcoin?
if they really go all-in to "blockchain" with their entire economy it will end as a catastrophic failure like the Great Leap Forward.
Remember: Already 10 years, but still at the beginning (excluding early adopters).
Many instances are still evaluating, China seems to do this more or less public than other governments. What about Venezuela?
Blockchain applications are already in development or evaluation in companies (signed document management, archives...) and even "dataset clusters" like land charge registers are considered to be "blockchained". They're just late (or early, depending on the viewpoint).
The good old arpanet comparison is still valid, Blockchain term is widespread since 2017.
That all doesn't mean every blockchain application has to succeed.
Human development is like learning by failing. First we have to fail. It's like mandatory, system inherent.
So far so good! And how are you? 
