The Peoples Bank of China (PBOC) is the first major central bank to hint at issuing its own digital currency. Consumers fear an end to the anonymity of cash, but officials say that their goal is controllable anonymity.
I am not sure what the term controllable anonymity means, there is nothing like controllable breach of privacy and hence this is stupidity as they wanted to monitor every transaction and they might even force all the users (Chinese people) to use their shitty coins.
I strongly believe that Bitcoin and other cryptocurrencies would be massively adopted much faster as China is back in the game as one of the biggest crypto players around the corner.
It is highly unlikely as the government controls the internet and they will determine what the users will browse and use.