In last week bitcoin price because of Chines police regarding BTC and made affect for rate so here China have higher rate it's rights or not
It could be true since China has the biggest percentage on Bitcoin miners in the whole world. However, having a high amount of Bitcoin won't change anything. They might have a huge volume of Bitcoins then what? Nothing. They can dump all they want, a crash on Bitcoin's price is preferred by many people.
If the mining activity will cease by the biggest mining companies then welcome back mining with cpu/gpu and let's try to get a piece of the bitcoin cake