Ah, for once some level-headed discussion on the subject. There is evidence that China has been discreetly making moves to limit local Bitcoin exchanges because of KYC concerns - and this hasn't been the first time we've seen signs of this. To date, no national BTC exchanges appear to be impacted by Chinese policies. And from what I understand anyway, most Chinese participants in the BTC ecosystem do so for gambling-related activities which are likely to be minimally impacted by any formal blanket ban.