Alternative Assets for Yuan Holders

Gold hasn't caught on yet, but Bitcoin has. About one-third of the Bitcoin market is CNY so the impact of Chinese sentiment is huge. Evidence of Chinese demand also comes from the premiums being paid on the Chinese exchanges.

ZH: The Reason For Bitcoin's Recent Surge Revealed

Bitcoin Magazine further adds that "China is experiencing unprecedented amounts of growth. On October 30th, Jack C. Liu, the Head of International at OKCoin, said, in a tweet, that it had been the “busiest day of the year @OKCoinBTC as #Bitcoin trades to 2015 high of $344. No clawbacks on futures, no downtime. Great day for us & industry.”"