China and its people are manipulating bitcoin. It's the nature of their culture. Secrecy and a few getting rich.
This is true, it's Chinese nature to be sneaky when it comes to business and marketing. I don't know their reason for hating bitcoin, maybe they wanted to control majority of bitcoin however they failed so they started dumping it and making news and issues like they made by banning ICO in their country. I think they are making the biggest mistake of their life.