We all know that some really awful news has been fully confirmed here by the Chinese Ministry of Source Confirmation at the PBOC.   Officially, the facts are as follows (I'll provide with sources where possible, google the rest for proof):

(1) Bitcoin cannot be bought and sold.  This is absolutely true in China as of 48 hours ago.  See the section titled "壞事嚇得互聯網賺錢"
(2) China plans an international committee to prevent all banks, worldwide, from interacting with the word "bitcoin".  This was also confirmed by some twitters.  Unfortunately, they were quickly deleted, but the head of Paypal confirmed this 2 hours ago here.
(3) Satoshi appears to have been captured.
(4) China has plans to shut bitcoin off, not just in China, but worldwide.  I can't find the link for this one, but it's a chinese website called "Sinai" or "Sinu" or "Sina" or something like that.  Just google it, you'll find solid proof.

It looks like this is the end of bitcoin.  If you can sell and get your money out, you probably should.  Quarkcoin is probably a safe investment for now.