China seems not to be in much favour of bitcoin. After ban of exchanges, most of the chinese people have lost their interest from bitcoin and crypto-currency.
This has been an issue for quite a while now. I think the main reason for this is not China's dislike of Bitcoin and other cryptocurrencies, but their own support of the cryptocurrencies that originate from their country. For example, NEO has been the Chinese equivalent of Ethereum, so there has been many news that China has controlled the use of Ethereum in their cryptocurrency market to give way for NEO to gain traction and make a push in the global market. With that strategy, they are not so to speak banning or removing their support of cryptocurrencies, instead they just try to give more support to their own.