The Chinese blockchain industry is expected to expand significantly, reaching $1.4 billion by 2027, according to Wu Hai, CEO of the China Internet Investment Fund. This marks a substantial increase from the projected $816 million in 2024, representing a 71% growth. Wu attributes this growth to the integration of blockchain with artificial intelligence and the development of essential infrastructure and application platforms. Wu also emphasized the Chinese government's active role in fostering blockchain adoption across various sectors, including finance, culture, tourism, judicial, and telecommunications. This governmental support is seen as a key driver in the industry's anticipated expansion.