This is why I tend to ignore almost anything that the Chinese government says about crypto. It will change at some point. Just let something that makes China look bad and all of those people will be out of the crypto market. Besides the ones that use VPN's or what not to get around the ban.
No one really cares about the news coming out of China and for all the long term investors in the market have first hands experience how they used to manipulate the market with FUD when they were dominating the trading market with the huge volumes they had and once the government halted those trades all these traders move to other exchanges and you really cannot ban the market.
Bad news regarding China is causing Bitcoin and some other coins to continue to have a massive collapse that makes things worse. This country really has a lot of whales manipulating and China is starting to dominate this market more so if you do not have the plan, you will easily lose money during this time. I personally will not invest in this period and will continue to wait until the market get better.