Agreed. China will not ban Bitcoin and its exchanges. Its ICO ban is also temporary. It hard to imagine a country to ban the Internet Service Providers, just because Internet makes it to easy to circulate fraudulent and illegal information. Impact of cryptographic tokens will have a much greater impact than the Internet itself. It is naive to make policies trying to block this innovation within a country's boundary. I believe Chinese government is much sophisticated than that. Did I mention People's Bank of China has already established a digital asset lab of its own?
RE: Bitcoining China: Concise guide to the China-Bitcoin affair