China apparently has only 2% foreign investors, and the majority of those who hold stock are not experienced investors. When you take people living in a communist country, and allow them to accumulate some wealth, it's probably predictable that they will panic and sell off when they see that wealth diminishing in a big correction.
additionally, many have noted that the ordinary people of China are prone to gamble. Thus, the new and not understood purchase of stocks is envisioned as a bet.
it will be taken in stride because people know that you win some and you lose some