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 is, China has a big impact that could affect in the price of bitcoin in the market and the proof is the happening in this last few weeks that makes the price fall. Remember that China has been banned the exchage that cause of price fall of bitcoin in the market and also lead on panic selling. Therefore, China is necessary for this kind of industry because of their population.