I completely don't understand the decision of Chinese government, by having majority of BTC hashpower on their territory - they have some sort of control over BTC (they could take over and attack BTC if it ever become a threat to them). Are they really that concerned that power consumption can get out of hand and cause shortage?
It goes without saying that China topmost priority or rather anxiety borders on protectionism of its Yuan against the intimidating presence of Bitcoin from the background. To Bitcoin enthusiasts, it turns out that is rather a welcome development as anything that relinquishes China's grip on the cryptocurrency industry is a relief and answered prayers. Interestingly Japan is now in the picture of things and we know they have the capacity and will to see Bitcoin survive and excel.