It was a poor strategic move for sure but mining is still quite sizable in China.

Neither bitcoin nor bitcoin mining is actually “banned” in China. The Mandarins simply called it out as a “less than favored industry” and so the enforcement bureaucrats were given a window of time to freely and forcefully go after whoever wasn’t sufficiently politically connected.

The modern iteration of CCP functionaries equally struggle to ever fully close a door that they themselves use or intend to use.

#Chinastr