Agree it seems unlikely the CCP would allow it- but it would be impressive if they did.

Am less critical of their economic performance to date- sure there have been mistakes like the property market bubble but China has directed far more fiat debt sourced capital toward actual productive investments than the west- in fact Fiat is not all bad if it is primarily directed toward productive purposes- and Chinas real productive economy is impressive- they have beaten the wests manufacturing giants at their own game with a mix of piracy (reverse engineering western factory blueprints) scale, planned infrastructure and huge emphasis on engineering. Engineering in China is like what it was in the west 80-100 years ago- quasi religion- very important and highly valued- most of the poliburo are engineers.

Engineering combined with Keynesian capital direction is a potent combination...see the west 1930s-1960s and China 1980- present day.

Keynesian capital issuance combined with neoliberal bankster cronyinsm is a mongrel - and the wests current, possibly terminal, disease.

Belt and Road is a serious global empire project...directly challenging the wests 500 years global hegemony.

Yes they would struggle with the freedom of capital movement that Bitcoin would give citizens although if wrapped into ETF format that could be controlled.... Much like how the wests bankers/govts have captured and controlled the protocol into a relatively harmless speculative commodity...;)