That news new for me, unfortunately I was not aware about that China is going to launch their own official crypto-currency. Just read a
tweet on cnLedger that China speeding up research about thier own official crypto-currency. However, I think it will be another strong altcoin if really China like to launch their official crypto-currency.
They must have their own crypto currency since China is a big country and lot of people already understand crypto and surrounded by country that really adapt bitcoin like Japan and Korea and also other neighboring country .