(https://imgur.com/ToRfTdD.jpg)
Strong yes to blockchain everywhere, grudging acceptance of cryptocurrency's existence, hard no to ICOs.
In an interview with Finance Magnates (https://www.financemagnates.com/cryptocurrency/interview/chinas-crypto-ban-wont-lifted-soon-says-head-floor-hk/), Desmond Marshall, managing director of Hong Kong fintech development company The Floor, explained that China's attitudes towards blockchain technology and cryptocurrency are at polar opposite ends of the spectrum.
"In terms of blockchain technology, China is quite open and welcomes this kind of discussion as well. But, of course, if we’re talking about cryptocurrencies or ICOs (https://www.financemagnates.com/cryptocurrency/news/46-icos-launched-without-business-plan/), that’s a definite no-no," he said.
"From the government itself to local provinces, down to new startup companies–pretty much anything you can think of, they have already thought about or are already in the process of developing blockchain technology to be applied in those areas."
Source: https://www.finder.com.au/china-has-opposite-attitudes-towards-cryptocurrency-and-blockchain