Do you honestly believed that China will allow its citizens to hoard a lot of crypto? Remember that China is still a communist country so I doubt that they will grant so much power to their people to iget in crypto. That article is an over exaggeration of China's involvement, they may allow it, but at certain point they will have to curb it out like what they did on ICO 2 years ago, so I doubt the veracity of any news regarding crypto coming from China, in my opinion.