I guess that is good news, the cat is out of the bag and no more rumors. China closes all exchanges based on the fact that they are operating without a formal license.
Which means there will be regulation and licenses coming soon, a good step forward.
I think China not ready issue CryptoCurrency and China government not 100% supporting these. Many issue couldn't run smoothly. So these good news for us whose already trade BTC but bad news for whose already investing their money on BTCC.