Looks like this is just a way to get more dollars/euros etc. As processing power to mine will be produced more cheaply in China as are many goods it becomes a profitable export industry like semiconductors or any other real product produced in China. This is a net gain for them. This isn't much different than the trade of any other goods. The China government policy is to extract resources through a favorable balance of trade. We will likely have a stagnation in the BTC price as production shifts to China with an associated lowering of cost without a proportional increase in demand.

Doesn't seem like there is anything out there but some clones. What would one look for in a new coin? What do you'll think would be the easiest improvement to BTC?

Yeah, I am new to this so I don't really have too much to say. Just kind of posting a few questions in the noob area so I can posts elsewhere when I like.

Enough to worry. I am looking into buying some shares. Hopefully more risk = more rewards.

No, doesn't look like the best idea. I mean it's pretty much a slot machine right?