We already know China's government has been ban initial offerings and bitcoin exchanges in since beginning of September this year.
At that time, all bitcoins exchanges in China have problems to continue this business. Some China's Bitcoins holder also divert all its assets to store in abroad exchanges.
Source from
https://cointelegraph.com/news/breaking-china-may-cut-off-cheap-power-to-bitcoin-minersThe statement regarding the cessation of cheap mining electricity indicates that the Sichuan Electric Power Company has issued a circular indicating that it will no longer provide the necessary power from its grid-connected hydropower stations. The circular suggests that Bitcoin mining is illegal operation. The circular has yet to be confirmed.
If this true will be applied then China's is serious to fight this Bitcoins business.
Huh, already said illegal operation Chinese government sees Bitcoin mining, ICOs and all of them that are associated with cryptocurrencies as illegal operations. Though Im not 100% sure if they really banned other cryptocurrencies or just Bitcoin, because Ive never seen or heard that they banned other cryptocurrencies, except bitcoin.
So maybe its just Bitcoin, and if so, then Chinese people who are interested in Cryptocurrencies can convert to altcoins by selling off their Bitcoins to exchangers. Just saying.