China: National Blockchain Strategy + Slowing Industrial Profits
China officially announced the construction of a national blockchain network as part of economic strategy, while industrial profit growth hit its weakest since November 2025 — presenting a mixed macro picture from the world's second-largest economy.
What we know
WatcherGuru's report of China officially calling for a national blockchain network racked up 567K views and 735 RTs — one of the most viral tweets in the set. On the macro side, KobeissiLetter reported China's industrial profits rose just +4.2% YoY in August, the weakest reading since November 2025 and the fourth consecutive monthly deceleration, with consumer-facing industries under particular pressure. The juxtaposition of a state blockchain push against softening fundamentals is notable for crypto macro watchers.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.