Because China Gov owns around 200,000 btc and this is a lot. More than US government. By reasoning, their voice is bigger compared to US government in cryptocurrency.
where did you get this data ? 200,000 bitcoin? and much more than US? any data please where did you get this.
and their voice is bigger , in a way yeah maybe .
Should we take china words seriously? No. Because they been trying to ban since year 2013. Then they un-ban and then they ban again. History repeats.
they may have now , but the effect in market does not reflect bad at all.