I highly doubt Bloomberg would run this story without a lot of faith in this. Michael Bloomberg has strongly hinted at plans to run for president on a democratic ticket and it's in his interest to undermine trumps anti-china agenda and something you can expect his eponymous news org to help him with.
This is especially so in the current "China threat" political climate in the US. China is essentially a boogieman in the US right now and attacking it has proven to be a great generator of votes for politicians.
I'm saying Bloomberg the publication is likely right about the story because they are taking a stand that hurts Bloomberg the persons presidential aspirations. They wouldn't have ran it unless it really was something.