Chinese mining does indeed rule all however the users and developers are overwhelmingly not Chinese and I'm pretty sure they're absolutely aching for a reason to dispose of China. The Chinese know this and as every attempt to rock the boat so far has failed hopefully they've learnt their lesson.
If they haven't then everyone else will be delighted to teach them one. He's probably right about banking not being usurped. He still lords over a pile of worthless penis though.
I think the Chinese sold most of the coins because of the policy set by the Chinese government on 4 September last year.