Bitcoin has never been designed to be the end-all and be-all solution to the ill-effects of the many bad decisions that people and the government got into. Chinese should go back to their old culture where saving money for whatever reason is quite popularly practiced. I am sure that it is the blatant Western consumerism that is now engulfing and creeping into China especially in the face of their newfound wealth and influence. I even heard that the big American membership club Costco opened in China with a lot of fanfare and good reception from the Chinese. They prefer to splurge rather than save their money somewhere or in the banks. China can be following some big mistakes that other big economies made in the past decades. Let's hope they can reverse this trend as it would be disheartening to see millions of Chinese getting afflicted with this economic malady.

I still have to hear an economy that is bailed out by Bitcoin. Certainly, during economic hardships and difficulties Bitcoin can be an instrument that can somehow lessen the pain in the ass, as what we witnessed in Venezuela, Zimbabwe and Argentina. Many Chinese know how to protect their wealth and money so maybe in case there will be a crisis, more will be opting to put their resources in Bitcoin to tie them over for the mean time when the waves are raging like hell. However, I don't see a scenario like this coming to the resilient and proud China. The country has all the money reserved just in case they might need them for some programs to help their economy get stimulated and saved. On the other hand, it might even be Bitcoin that needs some "bail out" from China. And just opening its door officially for Bitcoin can be enough.