Chinese government has been making moves to control the influence of bitcoin on its economy but bitcoin keep rearing on international market. I think the decentralized system of bitcoin make it impossible for any government to binned its activities. We should also know that the fake news site are just promoting lie in other to create panic in other for amateurs traders to sell at lose and blame China regulatory agency for their woo.
The chinese can´t control BTC, and i don´t believe they want to. They control a significant part of the hash power and the GOVERNMENT (people running the country) just found a way to get a piece of the pie without doing shit for it. Just told the exchanges, do you want to close or do you want to pay? basically thats it.