They do it every few months, that's not even affecting the price anymore.
Easy to understand why China Policy is not compatible with cryptocurrencies, they should just say it.
Yeah, many news like this before and yet the price are not dumping much. China is just one country, we know that we have a lot of investors in different country especially in Europe and of course the USA. They will not succeed to fully eliminate mining on their place because there people knows the opportunity in this market, for sure they will make a new rules in favor to cryptocurrency later on.
the price did drop a bit before after a a news where china bans ico's but the price did recover after a few weeks . i bet the same thing also happens after this news , only if the rumored news was confirmed to be real and not just a hoax . the good effect is that mining diffculty could also be lessen which is good if ever other miners will quit on mining a coin especially if its in bitcoin .