Chinese state newspaper today (Xinhua)
— Matthew Graham (@mg0314a) November 11, 2019
This was tweeted by Matthew Graham, CEO of Sino Global Capital, who first mentioned the article. The article describes what bitcoin is and even briefly discusses certain technical aspects such as cryptography, consensus algorithms, mining, and halving.
However, the article is not only positive about bitcoin. In the article, it is claimed that bitcoin is not a real currency, that it is only data that is not linked to money or any other physical value that makes the price unstable. It is also claimed that bitcoin is mainly used for illegal transactions on the black market and the darknet.
The other giant state newspaper, the People’s Daily, had an article about blockchain technology on the front page two weeks ago. That was published shortly after President Xi Jinping’s speech, which expressed a positive opinion on the technology and raised the price of bitcoin.
It also turned out last week that China will not implement a mining ban. This became apparent from a new list of the National Development and Reform Commission (NDRC) on which mining was placed in April, but has now been removed.