most of the mining of bitcoin is done in china now, there are huge farm setup just for that.
so if the ban was real, what would that mean for mining bitcoin in general ?
It will result to lower hashpower for blockchain, meaning transactions would be slower after banning if it is true. But I think in general, bitcoin would still operate and and many investors will still trusr bitcoin despite of what happenned. The price will also go down but will recover after a couple of months or years.