I would think Chinese government values control more than money. They use money to control the Chinese population. As long as Chinese economy is running well , the Chinese people will not ask for political change.
This is how I understand the concept of Mandate from Heaven
https://www.thoughtco.com/the-mandate-of-heaven-195113

As long as the peasants are well fed and taken cared off, they will not revolt against the Emperor
No matter if the Emperor is a tyrant or not.

I believe this influence on Bitcoin by the Chinese government thru preferential treatment of the miners and the large investments of Chinese people , will pay dividends by wresting control of the Global economy from the USD/EURO reserve currencies. Chinese yuan might never become a reserve currency despite all the trade China make. But Bitcoin might become a preferred reserve currency for countries who do not want to be allied to US or Europe