I think that such actions of China will certainly affect the price of bitcoin. Only this will not have the effect that the Chinese government expects. Any repressive methods always cause opposition. The Chinese will hide their savings in bitcoins and withdraw them abroad. I think the price of bitcoin will rise.
agree, if we look at the data on how many countries are open to bitcoin, even a single nation can have a huge impact on bitcoin price , the percentage of using bitcoin is low, therefore a slight movement will definitely affect the whole system. china as authoritarian as they are, can and possibly impose these plan. somehow good for bitcoin as a whole.