China’s Total Blockchain Investments Dropped 40% in 2019 Compared to 2018
According to the statistics of Xinhua, the domestic investment in the blockchain industry has dropped sharply in 2019. A total of 245 financing events were disclosed, a 59.4% decrease compared to 2018, and the total financing amount reached 24.4 billion yuan, a 40.8% decrease compared to 2018.
It looks quite strange because China president In 2019 publicly approved the development of the blockchain, after which various subsidies were also allocated for the development of the industry.
But most likely it was only the beginning of China investments and in 2020 we will see the growth of this indicator.