China isnt going to ban anything pertaining to bitcoin. They dont want to eliminate it, they want to profit from it. The Chinese government will end up having state run mining and exchanges.
In short, they just want their hand in it.....Just like Dimon and the other bankers.
I hope your right... if the Chinese government run their own mining rigs and exchanges it will certainly help crypto's. This dream many people have of making tons of money and avoiding taxes will never work not even with crypto.
All governments want to get their hands mixed into the flow of money as it goes by