But that's the thing, advertisement like this will get people to invest.  The desperate will invest, the poor will invest, the rich are skeptical but hey why not throw a few "pennies" in it.

I'm not sure how I feel about Government-Backed statement.  If it's true, it could make a huge impact.  China isn't a big fan of BTC but they kind of look away when asked about it.  However, they do encourage the technology as long as it is beneficial to China.  So did they find this YuanPay group's Cryptocurrency beneficial?

I'm not seeing any news about this anywhere online.  Last big news was weeks ago.