I am not sure if I should be shouting in joy with this news or should I again treat it with some grain of salt as we know that as far as cryptocurrency is concerned China is known to be sending very mixed signal to the whole world.
It's China, so there is no point in getting excited. I can't remember how China ever contributed to something of positive nature during their glory days. It was always drama related.
Chinese people interested in Bitcoin have found their ways to still buy it, so it's not that we need anything from them. Let China just hold off and be hostile towards anything they consider a potential threat. Bitcoin has grown immensely without the China as we know it back in the days. No China means way less drama. Good riddance!