Not engaging in blockchain may seem problematic in the short term, but it may not be a bad thing in the long run.
There is a key point here, which is your positioning. China is a manufacturing powerhouse with a strong emphasis on science and engineering, and really, it doesn't understand finance. When you don't understand, it's easy to be deceived.
When Wall Street could drive oil prices to negative values back then, can you believe it? How many people in China's P2P finance and pyramid schemes have lost everything?
If real estate is also considered an alternative investment scheme, how many people are also trapped in real estate?
And then you say I should start another blockchain project? You should know that blockchain is even more intense than those previous projects, with a stronger gambling nature.
Is it a good thing for everyone to be trading cryptocurrencies?
As for worrying about falling behind, perhaps you don't know that blockchain is all open source? If I want to, I can spend 2 days replicating a Uniswap.
Finally, there is Bitcoin. The situation with Bitcoin is still developing, and no one knows the final outcome. I estimate that at most one more round will have to be pulled out; the later it gets, the greater the probability of being trapped.
That's about it.