If this is a valid news that would be very good for the crypto market. China would make a smart move with this. Every country that gets into crypto would benefit. They are concerned about control, but that could be regulated inside of each country. Not my favourite thing to say, but it could work for China too. They are producing computer and phone hardware like crazy why not the software and blockchain too.
But they already forbid bitcoin before, why they still interest on bitcoin technology ?
For me personally it will bring back bitcoin glory just like last year so just like I said, the time will reveal how further bitcoin will keep going as I can see bitcoin will keep growing exponentially !