China did NOT ban bitcoin.  In fact quite the contrary, they have clarified the status to be a "commodity" not a "currency" -- a good thing since trading commodities is allowed, but using alternate currencies is not allowed.  And they have explicitly stated that people have the right to trade bitcoin individually. 

The exchanges did stop accepting RMB from banks to buy bitcoin temporarily, but the problem was a technical one:  the payment processor the china bitcoin exchanges used to xfer to the banks can no longer trade bitcoin.  So the exchanges scrambled to come up with alternatives.  Two of the china exchanges started accepting RMB again from banks and wire transfer already today (huobi.com and chbtc.com), and btcchina is expected to have their solution ready soon, per their website.

So, I suggest loading up on cheap bitcoin before the news trickles out to the world that China did not, in fact, ban bitcoin !