No, China is not a person with a single will. The assumption/assertion that the mining equipment may as well all be sitting under MSS guard in Beijing is horsecrap.
In any case, you can follow it like this:
* Nations desire to control strategic resources
* Bitcoin is one such strategic resource
* To control Bitcoin, you need more than 50% of the network
* China has 65% of the network
* China can control Bitcoin
However, if Xi Jinping decided to crush Bitcoin for whatever reason large scale mining in China, which is well past 50%, would quickly do what he wanted. As such he has de facto control over Bitcoin, though I personally doubt it’s something he would do.
the idea that every miner in china will jump when xi says is pure fantasy.
yall act like china is populated entirely by robots. it's a complex society just like anywhere else.