This is pretty much the whole story right here...
" NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of Chinas monetary regulation is to ensure that the source and destination of every piece of money can be tracked. "
Bitcoin is the mortal enemy of '
tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that.
China hated bitcoin to the extent that they even banned bitcoin in their country. As far as I know, bitcoin is decentralized,that means the government has no power or no ability to control it, I think that is why they banned it. The Cental bank of China has no power in regulating the cryptocurrency so before it became widespread in China, they banned it so that crypto currencies will not over power the banks. The only thing to stop bitcoin in their country is by banning them, my opinion only.