China is fearing bitcoin because its decentralized. Sure there is no love by hte powerful of USA or UK or wherever, but there is a huge difference in the China situation. People in other nations are free to do what they want, I can say "fuck biden" and nothing will happen to me, hell robert de niro said "fuck trump" on national tv and nothing happened. Go ahead and try that on a tv channel (doubt they have more than a few allowed by ccp) and say fuck mao or xi, and see what happens. There could be some people who defend china, I don't care, if you can't say fuck xi and get away with it, then its a dictatorship. Hence, decentralization weakens their power of control and they do not want that, as simple as that.