Well, I think chinese that has plans in creating projects such as ICO's are now moving to countries that does not prohibit ICO's just like Japan and Philippines. I know chinese devs are now in partnership with foreign platforms since they cannot launch on their own yards due to restrictions. Chinese people has been into investments long time ago so I think it won't stop them from participating because there are always a way to still be part of crypto community. I believe China government will soon again open it's gate for cryptocurrency.