A more informed history might be built like so:

https://translate.google.com/?sl=auto&tl=en&op=docs

https://www.google.com/search?q=%E5%8A%A0%E5%AF%86%E8%B4%A7%...

This seems like another step on a journey to maintain control over assets. So not the same thing as you have linked but nothing that should effect the market as China has been clear on its intentions.

I would be more curious about the larger game. A few front runner governments will establish there own ways to deal with crypto and then others will copy from a, b ,c. China's methodology is becoming more formal and therefore more copy able. I think we can already see the larger pattern and we already know who copies who traditionally... Would love to see a write up from this perspective.