I think China doesn't hate Bitcoin. China hate the decentralized process. there is no way to trace the scammers identity.
I do not think china hate cryptocurrency can be a real money threat. we all know that cryptocurrency is decentralized, of course the Chinese government hopes that they can take full control.
I think the Chinese government does not hate cryptocurrency but they have a reason to ban it.
perhaps they are concerned with the abuse of cryptocurrency as the frequent misuse of ICO scam.
which then resulted in disadvantage to the investors and also the other party.