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.
I don't think Chinese people hate bitcoin. On the contrary, Chinese people like bitcoin very much. China has one of the largest bitcoin mines in the world, and China has many large bitcoin exchanges before September 4th, and many bitcoin investors in China.