Everyone knows that China steals intellectual property, various technical innovations or simply copies at its own discretion various techniques. It is on this that China has recently risen in the development of its economy. Perhaps, a tough trade war between the US and China will still happen, Trump can take appropriate appropriate measures in this respect. And how will this affect the crypto currency? Then it is not profitable for China to issue its centralized crypto currency, it will be convenient for the country to hide behind the usual decentralized if the US introduces various trade sanctions.
china is a country with a strong economy, crypto become part of big investors that have been in use china,
crypto will decrease if this country got problem
I think we are past that point. The market doesn't care that much about specific countries, look at india ban or poland insane regulations, it didn't really drag the price down. We have had so much FUD from china since bitcoin started trading that at this point people just do not care.