Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.
The influence of China is going down but this is because other countries are adopting bitcoin too, and the more hurdles the Chinese government creates for people to adopt bitcoin then the influence of Chinese investors is going to go down, then we need to remember that many other countries are also developing their mining technology so that is another field in which China is dominant, but that could change in the next 10 years.