OP don't even mention where he heard such information, so i have some doubt. However, even if true, it's likely they (people of china) can't have control over their coin.
China's unclear stance on Bitcoin has dictated the last few years for local Bitcoin firms and holders, but now the country's central bank seems to be shifting its tone.
At a CNBC-hosted panel at the Boao Forum for Asia in Beijing on Sunday, Li Bo, deputy governor of the People's Bank of China (PBOC) reportedly said, “we regard Bitcoin and stablecoin as crypto assets ... These are investment alternatives.”
Li was further quoted stating that cryptocurrencies "are not currency per se. And so the main role we see for crypto assets going forward, the main role is investment alternative.”
source....China is back with its controversial statement, i don't know what their intentions are and what their plans are for this. imo if indeed the Chinese fully believed in Bitcoin as an "alternative investment" then this would be good for mass adoption.
The offcial speech only informs us that the central bank is likely to see bitcoin as an invesment alternative which means there is still no legislation allow citizens to hold or stote bitcoin. BTCtimes has mislead people by claiming themselves and change the tone of statement
In fact, a vast number of crypto users are locates in China. There are ways for them to bypass the firewall and hide under the government.