I don't think so. It's true that China have a huge marketplace for crypto currency. But bitcoin will not die for China. There are many country whome like bitcoin. Like Russia, Europe union, India, Australia etc. So don't worry for China.
I agree, because bitcoin is not a currency that would die because 1 country bans bitcoins. Bitcoin will keep rising and eventually china will accept that bitcoin is needed in their business and that is when bitcoin will grow a lot faster than anything else.