Till January, 2017 China's share of bitcoin market equaled to almost 95 per cent. After the government took measures the share dropped to 10-15 per cent. However, right now a lot of articles are being issued predicting China to remain the leader. How's it possible?
I can suppose that chinese officials are just developing legal base for cryptocurrency. As far as I know mining is not under pressure there. Exchanges were pressed hard. And ICO. I bet officials are just thinking how to take it everything under control, how to take taxes and so on. Once they solve that, they will allow to trade and China will retern its possitions.