unless you can give us the official Chinese government announcement saying "exchange of cryptocurrences with CNY is banned", you are spreading FUD.

they have closed exchanges. true.
these exchanges were big and were working with CNY. true.
but it doesn't mean they have banned trading of cryptocurrencies. there are still other exchanges and people are trading them easily. you can check out localbitcoins and the huge CNY volume that comes out of there if you want.