Beijing Unveils Web3 Innovation Plan, Positioning Itself as a Global Digital Hub

In a move that signals a potential shift in Chinas attitude towards the digital economy, Beijings city administration has recently published an ambitious plan to foster innovation and bolster the burgeoning Web3 sector. The strategy was unveiled at the notable Zhongguancun Forum, held under the auspices of the Beijing Municipal Science and Technology Commission widely recognized as the governing body of the Zhongguancun Science Park, often likened to Chinas version of Silicon Valley.