LocalBitcoins is a system allowing to exchange Bitcoin to Cash/PayPal/Wire and more off Exchanges - Also Face to Face.

Since its start in 2013 the volume has been raising but now it hit the record.

Obviously PBoC blocks of Bitcoin/Litecoin withdrawals in China are responsible for this.

Since currently Japan drives Volumes of Bitcoin on Exchanges (due to 0% fees)

Still China is the Market Maker which LBTC proves:

Since it might be first time you see this chart compare it to other big spots

Europe

USA

We can see shortly that lack of exchanges changed habits of local traders in China.

Notice this charts start from 2013 which means until now trading locally wasnt needed at all.

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