If they really wanted to put the cat amongst the pigeons they would sell the bonds and buy bitcoin and get all their BRICS mates to do the same.

🤔

There is absolutely no doubt in my mind that China currently houses enormous amounts of hashrate. I don't know if their "ban" was propaganda or if it was them nationalizing their bitcoin mining and going stealth with it, but either way there is no chance they are not one of the biggest miners