Nope, i dont think so. China is so afraid of bitcoins and cryptocurrency and they are doing everything to avoid its countrymen from using bitcoin because it is decentralized. They cannot contol it. China don't like it that they are not in control.
I do not think that China is afraid and hate Bitcoin. There are many great exchanges like Binance also made in China, and many famous coins such as NEO also in China.
This is the first time I've heard of Wechat. I do not understand is what Wechat is used for doing nothing. It may not be better than Bitcoin and blockchain technology