This just in, China has banned bitcoin. They won't say that openly, because they are a government and don't want to appear oppressive for no good reason, but that doesn't mean they aren't effectively trying to ban bitcoin.
So stop posting this crap. China is a nation with fearful, cowardly leadership that don't have the courage to accept and embrace new innovation that might temporarily destabilize their existing systems or cause change. They will pay for it in the end too, see the Streisand effect.
ITA! They are afraid of losing power. IMO, they are conservatives