It seems that this is a game of a handful of Chinese elites who want to destroy Bitcoin, or China doesn`t want their altcoin rivaled by Bitcoin, because I know China is the King of the World Market for now, so they do not want or refuse Bitcoin to be a successful altcoin, do you remember this saying "If other people can do it, I also can do it" This is the principle of a greedy elite
There is no need to worry about it. Without the fraud in the Chinese exchanges, the bitcoin and bitcoin cash or other altcoin price will be more stable.
As the one of the bitcoin house and it seems china was holsing the important role to the bitcoin market even crypto currency itself. Why you call china as the fraud? is there a something wrong with it?
Because a lot of people just saying about the manipulation already did by the chinese exchange site and the goverment.