obviously people will play up news to try to make fast money but there is real problems now not all FUD
yeah but what you call "problems" are nothing new! they have existed for a long time over in China. the Chinese government has always been like this towards bitcoin and any bitcoin services and from time to time when things get bad with these services the government takes swift actions like closing the exchanges. but again it is NOT the first time!
Closing down exchanges is a big step by the Chinese government. The government must have taken into account the fact that this will unnerve a lot of people. Now they will see how the market reacts before taking further action.