I could see many chinese people transfer them out either to paper wallets or for cash.
But it cant be more than like 10% of bitcoin? Thats actually in chinese exchanges?
Thanks.
This seems to be a mistaken opinion or common delusion. We don't know how many bitcoins the Chinese citizens have but it has been proven on multiple occasions that the bans that China is going to impose on Bitcoin don't mean a thing. They tried it in the past but failed, and there is no reason to think that they won't fail in the future. And while this country controls Bitcoin mining, that doesn't inherently mean that they are a factor in Bitcoin trading. If anything, Chinese mining can be easily substituted if China decides to put a ban on it, and that's likely the reason why they don't and won't.