"The bank’s governor, Zhou Xiaochuan, addressed the matter during the Boao Forum, a regional economic event that addresses economic problems in Asia. According to the representative, China will not seek to ban Bitcoin and other digital currencies"
That could be the reason of the recent price rise. It means Chinese could encourage developing bitcoin in the future.
This makes a lot of sense. I'm glad he stood up for a pro bitcoin stance in the position he is in. Any country that embraces this as a positive innovation is clearly going to benefit in a very big way.