This article on bitcoin from 2015 Chinese market says a lot

I feel that the bitcoin Ban in China is Real this time

China has been playing in and out since 2013. The chinese yuan had 80% share in 2015 in bitcoin market

China has most number of coin investers. Since 5 years they are working on ban of coins and in 2017 the ban will take place.

But the bright side is that Chinese yuan is not so well invested in market as of now. Other investors from all over world have pumped money

Read this article

https://qz.com/359679/80-of-bitcoin-is-exchanged-into-and-out-of-chinese-yuan/

Conclusion is that after some falls. The market will stabalize