The news are finally official,
to be fair the "news" was that China has banned bitcoin which has never been true. they have closed exchanges which have been doing illegal stuff as earlier this year we clearly saw it.
they tried regulating them but apparently they have failed to do so. they probably try to do more regulation of exchanges though.
and also they have never said trading bitcoin is banned or anything.
Yes, they didn't ban any coins but only trading exchanges. This news surely will create a panic in many new Bitcoin investors, but all experienced Bitcoin traders will never sell for losses instead they will buy it now and wait for selling at higher price.
I think all these developments happening are for good because I think Chinese soon or later come up with good regulations to trade and they can minimise all illegal tradings. Whoever wants to go for long term like next couple of years time then this has given an excellent opportunity to buy bitcoins, and other altcoins at lower prices don't miss it.