RE:RE:China News!LOL. Don't listen to what they say, watch what they do!
China banned the internet before too, how well did that work out?
Also, Blockchain is only "one" application of Bitcoin, and it's not even the most important. It's how Satoshi decided to use the blockchain that became so innovative.
Patents
Last year, Alibaba nabbed the top spot, ahead of IBM, on an iPR Daily list that ranked global organisations by the number of blockchain-related patents they had filed.
The media outlet used data up until 10th August from across China, the EU, America, Japan and South Korea, and also consulted the International Patent System from the World Intellectual Property Organization (WIPO).
Alibaba filed 90 blockchain-related patent applications and IBM was close behind with 89. In third place was Mastercard (80) followed by Bank of America (53). Next up was People’s Bank of China (PBoC), which filed a total of 44 patent applications around its central bank digital currency project.
https://finance.yahoo.com/news/china-approves-197-blockchain-firms-100024247.html