you have to realise how does the press work in China:
there is one political party and it decides the course in which the country is moving
papers that are close to the goverment like:People's daily,Global Times,China Daily,China Public Security Daily etc. serve not as news providers
but as some kind of an official informer,articles there are taken very seriously by any chinese companies or businesses
to defy such an "indirect recommendation" is unheard of,things could turn very sour for a business that tries
Ok, but what you're forgetting is that business is micro-managed by the Chinese government also. Businesses of a certain size or significance have a government representative in the management. So this whole charade looks just a little transparent, there's no way the big Chinese exchanges aren't in essence government led already, and so this big story where everyone's suddenly really surprised that cryptocurrency exchanges need special operating licenses (which possibly don't even exist in Chinese law yet) is in fact a hilariously bad lie.
think you are overestimating the goverment's involvment in day to day business just a tiny bit
some businesses might have a goverment representative in the management,but majority do not
I suspect BTCChina does have one
,the smaller ones don't ,but China is like that: an authoritarian goverment,where the partie's decision is final and must be obeyed
if there is/was no law,it will be introduced
