China has always been a country with a hostile attitude towards cryptocurrencies, it is not uncommon for them to make decisions against the market.
But I think no matter what decision China makes, the market will continue to grow.
I dont know why all the people are shocked always about this. Every 1-2 years China always bans crypto and then after some times unbans it. This is just the power of China to manipulate the market. But like you said the market will always grow. Intresting thing is that Tesla then China then all this news were almost at the same time 1 month diffrence maybe.