I don't know the relationship between Chinese politics and BTC digital encryption currency!
I just want to see that BTC can get a reasonable and legal status in China, which is a good thing for the people of the world's digital encryption currency.
Because china is brave and smart country and their leaders are not all corrupt and the development of china is so wide, that why more of their people are agree on what is the decisions of their government.
I think xi jinping, like Russia's putin, can bring new development to the country!
But the BTC is hard to develop in China, where digital encryption requires a long legal presence in China.
What makes you think this "new development" will be beneficial for China in the long run? It looks like Putin is slowly but steadily going mad. And he certainly would be because you can't fight against the whole world all alone. That doesn't mean he is necessarily wrong but I don't think that Xi Jinping would agree to end up in the same boat with Putin. This seems to be an off-target but still inevitable effect of staying indefinitely long in the office.