I think its very possible that all this news out of china is just so the Chinese government can scoop up all the coins for cheap and then just by changing there minds drive the price back up to the moon.
Think about it, all they have to do is turn around and say, "we made a mistake, bitcoin is great, you can all do business in it"
Man, what a scam!
i think this is very possible if not down right likely. though i don't think its the government acting as any sort of collective whole for the good of the institution as a whole. As in the profits are probably not going to wind up on the states balance sheet. This is individual actors with political leverage leaning on the levers of the state for personal gain.