Can China really develop Web3?

China is not entirely incapable of developing Web3, but its form will significantly differ from the global mainstream model: open ecosystems driven by public chains are limited, while enterprise-level applications supported by consortium chains and state-led digital projects may become mainstream. Individuals or companies wishing to participate need to focus on the underlying technology (such as privacy computing and cross-chain protocols) or B-end scenarios within a compliance framework, avoiding risks related to cryptocurrencies and DeFi. In the long run, China may form a unique ecosystem in the field of 'controllable Web3,' but the integration with the global decentralized vision remains uncertain.