This is what I like most from China. The Chinese government is serious about handling and developing its technology along with the blockchain. They are also committed to providing education that is truly trusted and informative to their citizens by monitoring the circulation of news about blockchain that is not true. Look at their seriousness. In the next few years, China will become the leading position in the emerging field of blockchain
Yes bit they want to put to many restrictions up. That is never a good thing. They getting people ready for their own currency to get people to move to and use it and not bitcoin. They know they can't stop the technology but they can try to control it to a point.
We should think deeply, why China wants to use cryptocurrency, but it will be their national currency. It will be the currency with the participation of third parties, to have power and control it! I think no sane person will use a centralized shitcoin when there is bitcoin. But how to use Bitcoin if the ban is introduced? I can not answer this question