The Chinese government has been blowing hot, then cold on Bitcoin for years. Nobody can work out what's going on in their minds. With a 10 billion dollar market capitalisation Bitcoin's small change to the Chinese government. In 2015 it was estimated that one trillion dollars was moved out of China. Bitcoin's not big enough to move that much money.

http://www.bloomberg.com/news/articles/2016-01-25/china-capital-outflows-climb-to-estimated-1-trillion-in-2015