It's kinda difficult to figure out whether China has actually shut down 100 exchanges. We have to believe some lousy news portals reporting the matter.
People are getting tired of these kinds of news that I guess most of us often disregard it us a FUD but unfortunately, some people tend to overreact with it that they end up likely to panic!
On the contrary, even if that news was fake or not, I would rather support the idea that the news is true and I think it will be for the good of cryptosphere! In that aspect, I'm hoping that those exchanges would eventually relocate to safer grounds and continue their operation so that it can help in furthering the growth of the crypto industry.
I guess most of us are fed up with all these news coming all over from China which aren't helpful at all to the crytosphere!