I usually take these news with a grain of salt. Rather than getting excited about what will happen, when it happens, if it does happen, that China starts buying bitcoin, I will be happy, but for now I remain skeptical.
I thought China banned bitcoin. There's no way to know what the CCP actually does. I wouldn't bank on that
Same here. However, the CCP will do what is in its best interest. Despite having banned mining and subsequently all cryptocurrency transactions, if it sees it suits it to dump US treasuries to buy bitcoin, it will do so. Nor would it be surprising if they do that and keep the ban for the population. That's why I don't trust anything about China either.