Now that starts to look plausible.
Now - what would be the effect of this? This is very hard to evaluate - it might depress the price but it might as well lead to many Chinese people buying bitcoins while they can.
These news are like a clear and loud warning. so when the gov / central bank do the actions, their citizen can't blame the authority.
"Don't say we didn't warn you. we did many times, you break the law and take the risk to gamble. this is what you get. blame no one."