CoinTelegraph’s article “Despite Crackdown on Trading, Crypto and Blockchain in China Are Alive” does a great job explaining the active market in China. Even though the country ban trading and online platforms in late 2017, investors continue to trade cryptocurrency through international platforms, such as OKEx and Huobi, which immediately relocated to Hong Kong following the regulation.
It is also important to note the largest China-based cryptocurrency NEO has saw a dramatic increase in market valuation. Currently, it is ranked as number 7 highest market cap according to coinmarketcap.com. It is safe to say that Crypto is alive and well in China!