Well, we should not really close the possibility of the Chinese government to be controlling the cryptocurrency mining business under their own jurisdiction most especially with the inflow and outflow of money. The government is closely managing their own economy, and they are laying the foundation to make sure that in case there can be a financial crisis they remain in control of everything. However, we all know that once this can happen, mining players will slowly be going away from China and relocate somewhere else.
I think its conformed Chinese government to be controlling the cryptocurrency mining business within there country.