Why would the fact that China is basically controlling mining do anything to Bitcoin?
The whole concept of bitcoin was based around decentralization.
If China controlls a large % of the hash power then it would only take the collaboration of a few to hit the dreaded 51% control point
This statement suggests that the Chinese are more corrupt that other nationalities. I don't believe that they are. Would you have made that statement if a large % of hash power was controlled by Americans?
It's just that most people of China is a business minded and thinking advance compare to others. For example most of the Chinese people here in our place have their own business that you can compare also in the world of Bitcoin, they sew that this had a great potential in investing their money, all I see with this is most of Chinese people just believe first in the financial and security measures of cryptos compare to other country and nationalities.