In my opinion many Chinese are feverishly opening accounts right now to invest Chinese search engines are reporting the Chinese are searching this topic feverishly! If these guys start investing in the projects that are on the Chinese list of preferred projects I dont need to tell you what will happen.
As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China
The Chinese influence on crypto is clear due to the current market price movement. I noticed some Chinese projects like NEO really soared well recently, well let's not get so excited anyway, the market is unpredictable.