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People’s Bank of China told more than 10 third-party payment service providers yesterday not to give clearing services to online Bitcoin exchanges, China Business News reports, citing a central bank meeting with the companies. This news is pressuring Bitcoin to $678 (on Mt.Gox) but more notably, BTC China rates imply a $588 equivalent price - down 57% from its highs. From a $100-plus premium, BTC China now trades $130 cheap to Mt.Gox as the 'arb' flips.
http://www.zerohedge.com/news/2013-12-16/bitcoin-banged-bear-market-again-precious-metals-rise
I think the announcement that the peoples bank are not going to even attempt manipulating the price of Bitcoin is just an acceptance that they can't and further demonstrates the strength of the technology.
The problem is hard enough to buy Bitcoin in England.. ive no idea how I go about buying them in China.