1) Bitcoin doesn't care what language miners are speaking or what lines orcs have drawn on maps to satisfy their mental deficiencies.  Also there is no person called "China", there are many people here with different agendas.  To use English properly please avoid assigning agency to non-agents.    

2) Sure there may be problems with centralized pools and ASIC manufacturers,  but the money supply and transactions can still all be public despite these problems.  In other words, we are still worlds above a privately issued currency system (fiat).  We aren't talking about abuses such as issuing arbitrary amounts of monetary units for ourselves here, so it really isn't fair to compare this kind of centralization with the kind witnessed in fiat systems.