What's with all the China cryptocurrency hopium, and would they even move the needle?

Not sure if it's just Moon farmers utilizing their bots to farm up some more Moons in their wallets or what, but if you check out the "New" section of this sub-Reddit, every other post is about China possibly getting back into the cryptocurrency game.

The question I pose to all of you fine folks is, does any of this even matter?

We've all been head faked too many times in the past as it pertains to China via all the games they like to play. They put so many rules and regulations on whatever cryptocurrency play they make, that in the end, almost none of it will even make a difference to the market as a whole.

Let's say China comes out with China Coin, are any of you going to touch it? I'd bet no, so what's the deal with all this China China China crap?