I think it is better China leave cryptocurrencies and stop their citizens not to invest in bitcoin and altcoins market because this is going to help cryptocurrencies because its can survive without China. Today we hear China ban exchangers and tomorrow China ban cryptocurrencies is too often enough to prove to us that this is FUD that Chinese government is fully involved in other to enable their citizens control bitcoin!
Yes China is totally a different country from others and they don't welcome innovations and they don't want people to live in liberty.
most of their citizens have serious interest in cryptocurrencies and that is why 65% of the cryptocurrencies traders are from China and because of the cheap electricity many of them are into mining. However, Chinese leaders hate given freedom to its citizens and since they are communist country, bitcoin that provides freedom to citizens is treat to them.