Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?
I agree with you. China doesn't have any intention to bring down bitcoin, in my opinion, because a lot of Chinese investors are in it. But the banning of ICOs is what I think the main objective of the China. Their government are trying to look after these ICOs which, in the first place, are not taxable. China is a developed country, and they will always find a way to put tax on these ICOs.