I think that up to this point the conversation has been about banning bitcoin mining, and not bitcoin transactions, and their stated intentions if there is any truth to the rumors is about energy consumption and pollution from coal burning power plants. Regardless i'm not sure that it would be bad for bitcoin if there was a Chinese ban on mining.
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I agree.
I am just under the impression that they are banning mining of bit coin only and not other coins, so they can focus on mining there own coins.