I believe China doesn't hate bitcoin. China might hate the fact that it's untraceable, and with the problems that rised with the ICO's where many investors were scammed, and lost money, they couldn't do anything to retrieve that. It's a risky market, some will opt out of it, some will just act that they will opt out, and others will continue following bitcoin!
that's are effort from china government to protect Chinese from scam ICO project, although only few part of all projects ICO which are existing are scam projects. but many people said that regulation of china government is only manipulation that purpose to drop bitcoin price.