i thinks yes , because their densely popuated population , and i hear cost of eletricity there is so cheap , and that i think the reason why china have a large Bitcoin player than other country , indirectly it affects the bitcoin price in the market ,.
But bitcoin is still too strong that it is trading nearly for $4600 today as compared August 21, 2017 when it was trading at $4000. These are the factors that may shake bitcoin for a little while but it can beat bitcoin. Bitcoin is the future and its value will go high.