I don't know, but the news was deliberately made to buy bitcoin at a cheap price, and as usual managed to make everyone panic, like the same thing was done over and over again but people seemed to be hypnotized and followed the news into panic, and as usual it worked. China is irrelevant to give such a statement who cares about the actions of the Chinese Government on crypto, China is not the world so let the story fade and die apart from that many Chinese people still use Bitcoin and other major cryptocurrencies I believe that dump has nothing to do with that statement if articles are verified to be true due to a lot of fake news nowadays.