Since Chinese President Xi Jinping has publicly supported the blockchain, it can be expected that China’s share will become even bigger. It will be one of the ways to control technology in the absence of competitors from the United States.
'Blockchain' will allow them to squeeze their population harder than ever. That's what truly interests them about the technology.
China's leadership doesn't give the slightest shit about Bitcoin. They've done enough to turn off enough of the population.