If the Chinese can stop another bubble from happening, I'm all for it. Bubbles always hurt the underlying economy and benefit only a lucky few. The OP sounds like he thinks that the idea of stopping a bubble is something to worry about, but I disagree. Stability is better for Bitcoin and the underlying economy.
With that said, I seriously that three Chinese exchanges can control the market to that extreme. I hope I'm wrong. Bubbles are never good because they always burst.
I agree 100 percent. In Bitcoin, we have bubbles where Altcoins have pump-and-dumps. The underlying cause is different, but the result is the same.
if there were no bubbles at all, there would be far less investors investing in bitcoin. bubbles attract people, if there is no money to be made, then there wouldn't be as much people here.