I have a strong doubt that this cryptocurrency that launching by China is a centralized one and under controlled their governments.
Maybe it won't appear in the crypto market and will just be in their country. They always wanted to be the most powerful country in the whole world in all aspects. Also, their government probably has control over their people's gadgets. So the governments are the one who can benefit the most in their own crypto.
Of course, the Chinese government will certainly have a way to fully control their cryptocurrency before launch, they won't allow any problem to happen and get out of their control because this is a big country, if the loss of control happens, it will be a disturbing scene. But perhaps the number of people supporting this cryptocurrency is probably not too hig, even for other countries, this is not a good product because China always has the ambition to become the strongest country, sometimes they just make fake products to make money, can't trust their cryptocurrencies