I am quite sure that this is a solid warning to all governments that if they are planning to act similarly to China, the result is that trading will move 'underground', further outside the reach of governments.

If you want to maintain some level of control, then make sure you set up proper regulations that to some extent are decent and fair for all involved parties. Governments have to accept that Bitcoin is here to stay.

That being said, Chinese exchanges will slowly pop up again, because the governmental actions were not permanent, despite people thinking that China has banned Bitcoin ~ it's ignorance from the highest levels.