Isn't the people of China not allowed to have a cryptocurrency because it is banned and only the government can have bitcoin? I am pretty sure that it won't affect it that much but we maybe it will affect it a little but who knows.
As far as I can remember, bitcoin and other crypto are not ban in China.
But regarding this statement though, it contradicts themselves, they love other crypto and most altcoins and not
BTC. So I will take everything with a grain of salt any news coming from China regarding bitcoin (like Russia). Investment alternatives? China’s Center for Information and Industry Development (CCID) ranks bitcoin #7 (
https://news.bitcoin.com/bitcoin-crypto-ranking-china/).