No doubt. However, people are going to be angry.
I just read this morning that there were rumors circling that the drop was caused by 'foreign interference'.
There has been a lot of talk over the past several years about the Chinese model of capitalism, with some touting its advantages over the Western model. However, when the government works to build the image that it is in control, it looks that much worse when it appears that it isn't. I think the possibility for social unrest in China is going to grow with an economic downturn.