Clearly it should affect NEO negatively. China has already expressed that it doesnt want anything related to cryptocurrency in their country. I know its still doing very good in the exchanges, but do you think it would really last? Look at BTC and make that a good example of how the market changes direction very quickly.
A very good example, I agree that. BTC has proven to everyone that crypto is a technological advancement that deserves and can benefit everyone. BTC itself can survive and face the global market, but why NEO can not do anything in his own birthplace? I'm sure it's just a matter of time, because I see the neo developers very seriously and work hard to develop and make the NEO better. Someday china will see the success achieved NEO and probably will legalize crypto in his country.