I do have the 'bad feeling' about the outcome. Then again, foreign markets will buffer their crash.
I'd be even more worried if I believed the average Chinese citizen had much money in their markets or banks. I know enough Chinese people to bet they've got as much of their net as hidden as possible, in tangible assets, preferably farmland. Maybe it's a stereotype...They bought up all the rental houses in Sacto 2-3 years ago. (Farming fat kids?)