I don't think so, i believe they are also one of the manipulating elements of the crypto industry. They are also trying to buy in a cheaper amount so they will be securing big quantities before the prices goes up. I know every chinese business man mind. They will do it in a mischievous way for sure.
I personally think that China is one of the countries with high corruption in the world, besides many companies use cryptocurrency to evade taxes. Candles must first be forbidden by their people, and then they will be given the crypto laws to make it a revenue source for the government.