Chairman Mao Zedong Stunt Sparks an Uproar at Blockchain Conference In China

Published at: May 29, 2018

At the 2018 Boao Asia Blockchain Conference held in China on May 28, organizers have drawn a round of criticism on social media by arranging a performance of a Mao Zedong impersonator, Reuters reported May 28.

During the conference, an actor dressed in a grey Mao suit gave a speech in the style of the Chairman, wishing success to the audience in an accent from Mao’s birth province of Hunan. He declared:

“You are worthy of being called the great sons and daughters of the Chinese nation, and I thank you in the name of Mao Zedong.”

Social media users reacted immediately, with some of them saying the “shameful” disrespect to the Chinese founding father could harm the future of blockchain in China. One of the commentators on WeChat said:

“Blockchain is a fledgling business that warrants the attention and open attitude from the government, and we will not tolerate any scam behavior that disrupts industry order in the name of blockchain.”

In impersonating a former leader of China in a promotional activity, organizers have reportedly broken Chinese law. According to the law, the image of any past or present leader is forbidden from being used in promotional activities and television advertisements. According to the State Administration for Industry and Commerce, actors are forbidden from using the image of a leader to promote a good or service. The organizers of the conference apologized for the performance.

Recently, the Blockchain Industrial Park in the eastern Chinese city of Hangzhou announced millions of dollars of subsidies for startups, hoping to attract highly-qualified blockchain specialists. Startups will also be able to avail themselves of maintenance grants alongside project-specific funding.

However, according to the China Academy of Information and Communications Technology’s report, only eight percent of the blockchain projects ever launched are still alive, with an average lifespan of just 15 months.

Tags
Related Posts
Our Man in Shanghai: Huobi to become Grayscale of Asia, Yao Ming’s NFT wine and more ...
This weekly roundup of news from Mainland China, Taiwan and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency-related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space with a product that feels familiar. The fund and asset management company is set …
Technology / April 30, 2021
Argentina’s Dep. Finance Minister: Crypto Adoption Could Reduce Demand for US Dollar
Huobi Group CEO Leon Li met with senior Argentinian finance officials this week to discuss the role of blockchain and crypto in the country’s economy, according to a press release shared with Cointelegraph on March 29. In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion and reduce state costs. Soto, who leads Argentina’s international financial relations, explained that half of the country’s population does not have bank accounts and operate cash transactions by converting their savings to United …
Adoption / March 29, 2019
China’s IT Ministry Makes Blockchain, Data Security Focus of One of Its Key Labs for 2018
China’s Ministry of Industry and Information Technology (MIIT) has included a blockchain-dedicated laboratory on the list of its key labs for 2018, published August 13. According to the ministry's post, the lab will be dedicated to harnessing blockchain for the data security industry and IT, and will be overseen by the National Industrial Information Security Development Research Center. Earlier this month, MIIT proposed a number of measures to accelerate blockchain adoption, saying it would enhance interaction with various localities and departments, and would build a robust industrial ecosystem to allow for the gradual extension of blockchain across diverse fields. In …
Adoption / Aug. 13, 2018
China’s State-Run Media: Bitcoin Is Blockchain’s First Success
The official Chinese state-run Xinhua News Agency has published a report recognizing Bitcoin (BTC) as “the first successful application of blockchain technology.” Published today, Nov. 11, the coverage is exceptional given China’s abiding hardline stance against decentralized cryptocurrencies, as epitomized by Beijing’s historic September 2017 blanket ban on crypto exchanges and initial coin offerings. Even-handed exposure The Xinhua article is broadly positive and detailed in its coverage of Bitcoin and the history of its development and evolution. It opens by posing the question of whether the coin represents the “inevitable trend of future currency development or just another ‘tulip’ hype?” …
Blockchain / Nov. 11, 2019
China: Veteran Regulator Tells Sichuan to Tap Hydropower for Blockchain
A veteran Chinese regulator has told those tasked with steering the strategic development of Sichuan province to tap surplus hydropower for the blockchain industry. Jiang Yang — former vice-chairman of the China Securities Regulatory Commission — advised strategists that: “Sichuan should study further about how the province’s cheap hydropower resources can attract digital currency-related businesses.” Yang’s remarks were noted in an Oct. 30 report from South China Morning Post. Use cryptocurrency mining to absorb excess output Sichuan, located in south-western China, has a protracted rainy season and is thus the country’s biggest producer of hydropower. In 2018 alone, the province …
Blockchain / Oct. 31, 2019