Bitcoin users are creative enough to outplay the government restrictions, humans are good on that. Im not sure if what will be the next move of the Chinese government about it, ignoring it or criminalise the use of OTC and its way. This will be not good to its citizens itself, retracting the order of closing exchanges and put it back on is the best options they can do.
@Argoo I think banning ICO is right enough but closing bitcoin exchanges is not effective as Op or the article said bitcoiners resulted in OTC (over the counter) transactions its like a back door transactions. Bitcoin is not ban in China by the way.