I don't think it is a bad as it could be. China is cracking down on domestic
vaping, but they aren't banning vapes or apparently manufacturing. Smaller companies will probably go out of business, but bigger companies should be OK. Here is a paragraph taken from that report that was in FranC post, about halfway:
"The silver lining may be that the measures only explicitly prohibit the sale of flavored vapes in China, and do not appear to prohibit the production or export of flavored vapes. Chinese e-cigarette companies may therefore be able to continue to grow in overseas markets where there is a more lax regulatory environment, such as Europe and the US."
We probably need to keep an eye on it, but it doesn't look earth shattering to us yet. Just my opinion.