What it's going to come down to, is whether the Chinese government has enough control to tell the general public to eat the loses and to make them take it (relatively peacefully).

If they do, this sets the basis of the play and outcome.

Yes, elites are escaping what they can of their personal assets -- and eventually, if necessary, themselves or their next generation.

As I stop to think about it, that could actually prove to be something of a safety valve, from China's perspective.

Anyway, with the Great Firewall and a thousand other things: It's not exactly as if they haven't been (at all) preparing for this.