Can Bitcoin Price Hit $200K If China Announces BTC Strategic Reserve Tomorrow?

Bitcoin price is dropping despite President Donald Trump announcing that the US government will not sell any of the nearly 200,000 $BTC currently in its possession. However, speculation that China could follow in the US footsteps and launch its own $BTC reserve has stirred market interest. If China were to announce a Bitcoin strategic reserve, would $BTC price surge to $200,000?