its true and the influence has proven at the beginning of last september when china really have closed all ICO in china, but luckily it didnt occur too long and the bitcoin selling price has recovered, but it's just old news now but it add our knowledge as the bitcoin holders
They are one of the big influential country in the bitcoin economy. And the foreclose of exchanges did really affected the price of bitcoin as it was followed by a very quick dumped.
And later on that gave the advantage to a lot of traders who are waiting to the dip of the price of bitcoin because it went up to $3,000 and that's the final dip of bitcoin's price.
But today, there's nothing that much is happening on China now, I guess they shifted to NEO and some other alt coins still I'm tuning in for their comeback.