Will, good for chinese government if they have launch their own crypto currency.As far i know, that the chinese government is one of the most strong and good economy so lets see on what will be the outcome of this.
The outcome will surely be positive for the whole crypto space. Chinese people are always patriotic to their government and that shows to the apps they use like they have Baidu instead of google and they have Wechat instead of Facebook. I just don't know if bitcoin maximalist from China will flip and exchange their btc for that token or they'll just invest some portion of their money.