Why do you think China's own Cryptocurrency will be a strong Altcoin?
The US has banned more than 80 percent of the products produced by China. China's economy is more dependent on the US than any other country or continent. It is struggling, like any other country whose economy was completely dependent on the US. They had to do something and that is why they are now concentrating more on Asia.
They have a decreasing population, which means less efficient and cheap workers. They are going down badly, even the LOCAL government knows that. They had to find a solution for the future. Which has led them to work on their own native crypto?
One word - Bad Idea to launch country-specific crypto. It will be a failure. No, one wants a government controlled cryptocurrency.