Not for long china can controlling bitcoin price, im sure now they on trouble due their efforts to make the price under $ 1000 always can not last long and now all trader are smart they not easy get in on the trap.
Honestly I used to believe that China is trying to control the price when Bitcoin price go up more than $1000 but the last two press release of PBOC does not mean that they are or in a position of wanting to control Bitcoin price. They are just after the implementation of the law regarding money laundering and possible support to the terrorist activities. There is no way in their announcement that they are banning or want to control bitcoin price.
they are just preparing their exchanges for a more legal way of implementing rules on the transactions of BitcoinThere are still a few other possible explanations
Which they may not want to widely talk about. The most likely one is that the Chinese authorities just don't want their population to be involved with Bitcoin since Bitcoin is a direct competitor to the Chinese yuan. The US dollar is a competitor too but they can control it through banks, while Bitcoin is totally beyond their control. That's why they are so vigorously attacking the exchanges since this is the weakest link. Forcing these exchanges to disable deposits and withdrawals follows their strategy perfectly. The next step would be banning Bitcoin for personal use and ownership altogether