Let's not all freak out just yet. People will find ways around this, including the VPNs and TOR. If those are blocked, I'm sure a lot of bitcoin users will simply move if they have to and still value bitcoin. I'm not entirely sure why China is cracking down on bitcoin so hard- anyone?
They want to protect their own local currency {Renminbi/yuan} and stop capital flight. The Chinese government has shown
that it wants 100% control over their citizens and Bitcoin gives citizens hope. {freedom} They will never allow any technology
that would give people some degree of freedom. They have also done the same with other digital tokens in the past, but they
are struggling to do this with Bitcoin, because it is a decentralized technology.
Agreed on what you have said here on which China do really strives to have full control of their currency this is why they do really things on which bitcoins can be banned or totally shut down but they know that we know that they cant able to do such thing this is why they are now making some steps that would somehow mess up bitcoins price but wont totally be shut down as long theres a strong support from community.