I am not quite certain if China's plans for their blockchain ambitions will pump Conflux and the other Chinese projects presently being traded in the cryptospace, however, I am quite certain that this will be one of the biggest storylines on the peak of next bull market. This is why as investors it might be good to begin your research on Chinese projects.
One of the next biggest pumps might be the pumps being caused by the new Chinese Ethereum storyline hehehe. It was Neo on 2017, my speculation is it will be on Coinflux on 2025.
In yet another example of the country’s commitment, China is moving forward with a new blockchain infrastructure plan for one of its largest cities. However, the city’s governor announced the plan and what it could mean in the short- and long-term future.
Specifically, China is set to develop a blockchain infrastructure in Shanghai by the year 2025. Nevertheless, the official government update stated that the plan is to “strengthen the application of blockchain in the real economy.” As well as using that application in other sectors as well.
Source https://watcher.guru/news/china-to-develop-blockchain-infrastructure-in-shanghai-by-2025
China have a restrictive sphere on crypto. Has made it difficult for people to hold and trade crypto if not illegal. That way China would not be able to contribute much to the global crypto aspiration but as you mentioned, Chinese local crypto could be a cash cow for we outsiders. As they have limited option, any of considered "Chinese" crypto would rise when the bull comes. I might keep a little stock of conflux on my next buy.
Similar to every pump that have occured in the cryptospace, they always started with a storyline and China's blockchain ambition will certainly be one of the biggest and bullish storylines during the next bull market on 2025. As an investor it would be a mistake if you did not buy some Chinese projects' tokens while much of the cryptospace market is in the stage of disbelief.