China is only an industrial super power because they keep their currency fixed. I have heard that the PRC is starting to see some inflation, although i do not have hard facts. But i do know, the moment they stop fixing the the RMB, the industrial base will not be able to be sustained.
I have no idea how regular PRC citizens think of their government as of now, but it could be possible that some citizens could see what they are doing and use bitcoin as protection against inflation. Although gold would be better suited for this, but i have no idea what the laws on gold are in PRC.
Regular PRC citizens think their government as a necessary evil that is more evil than necessary. Many people buy gold or silver, but more people like investing in houses. Precious metal is allowed in China, but the policy in China is very volatile, no one can tell what the government will do in 5 or 10 years. Ordinary families with low or moderate income suffer from this uncertainty.