Chinese blockchain investments dropped by 40% in 2019

Despite China’s highly favorable attitude towards blockchain, statistics record a 40 percent drop in Chinese blockchain investments. The drop in Chinese blockchain investments Chinese blockchain investments saw a record high spending in 2018 while the number declined again in 2019. Meanwhile, the number of deals and ventures decreased by 60 percent from the previous year. As per the data collected by Rhino Data and Xinhua, a Chinese state-run media firm, the total amount of blockchain investment accounted for 24.4 billion Chinese yuan (approximately 3.6 billion dollars). The research published by Xinhua Finance reveals that the number was 40.8 percent less