It seems to me that China has banned bitcoin for the purpose of publishing its own cryptocurrency, but I do not believe it. China has not yet reached such a powerful technology. I am more concerned that they are afraid that bitcoin trading will cause disorder in the economic market.
afraid? are you joking?
china GDP = 11 trillions USD per year
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
do you know what it means that? you need over 60 years to count this amount.
BTC means nothing for China. They can spit on BTC and it's gone; same as USA.