http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtmlWeekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing.
Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news.
Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it.
Yes, China will lose a great deal in its leadership of the cryptocurrency market if they will totally ban Bitcoin and the exchanges operating within the country. Whether they admit or not, these exchanges are also bringing in money into the country contributing something to the local economy. Right now, there are those floating the idea that eventually China will rather get strict with the implementing rules and guidelines rather than ban Bitcoin exchanges.