On the issue of mining, I don't have any first hand knowledge about what, if any, activity is taking place in #China.

That being said, I would strongly suspect that the government is almost certainty involved in mining. Optionality is the Chinese way and having some degree of capacity makes complete sense to me.

What I do know, and for certain, is that the P2P market to transact is very much alive and well and is done rather openly via WeChat.

Thanks for asking. I encourage anyone to reach out with any questions about China.

Reply to this note

Please Login to reply.

Discussion

Interesting. Thanks. My other Q is about the implementation of CBDCs in China. Are they actually being used? How widespread? Are they attached to social credit scores? Etc

You mean this?

The #China so called “e-yuan” has been dead on arrival since launch. Possible to compete against with Alipay or WeChat. They dominate all payments.

It is now linked to a bank account though.