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.
It is not the people who hates bitcoin, it's the government of China that hates bitcoin and the reason being is the untraceable cryptocurrency, the BTC and if BTC or any other cryptocurrency could not be traced then it could put the national security of the country in risk and this is the reason why China and the other countries has not yet legalized cryptocurrency in their nation because this untraceable nature could lead to illegal activities but as soon as government understands the Fate of cryptocurrencies they will surely centralize it.