What do you think how long will it take to spread around the neighbouring countries ? This is bad move and could affect bitcoin in the long run.
I can confirm that India and Pakistan won't be affected my China's views on Bitcoins. India, with the second most population, favours online currency to play an important role in the market. What bugs me is how is mining being affected vastly by China's withdrawal from the Bitcoin network.
Around the world, Bitcoin has influenced itself over the last 7 months with its rising price from 800 to 4k$. It's a progress leap of 500%.
In the future, it will only keep rising more.
On a side note, could you summarise in a few words as to why China has started withdrawing from the Bitcoin market?