Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.
No. Thats such an overstatement!
China do not want their money to get away from country, thats it!
They are concerned for their economy.
Also I think that only country which can get away with this is China because of their strict other regulations. in other countries one would just go around this prohibition.