Volatility is nothing new for the Chinese Market

Historically, the Chinese market has performed well in the long run, better than the U.S. and some emerging markets. Between 1995 and 2015 the SSE Shanghai Composite index, when compared to the S&P 500 Index, while having its ups and downs, out performed these other markets. Most long-term investors during this period had learned to adapt. The August crash has had an impacted markets on a global level. 
Before the crash, the Chinese Market was valued at approximately 9.7 trillion dollars. The Shanghai Composite Index jumped by in early 2015 by nearly 140%. However, when the August crash happened, the percentage change was approximately 31%. The Chinese government has taken appropriate steps to help level off the economy and support the market, but stocks still trade in a volatile pattern. 
It appears most Chinese retail investors are bullish about the long-term potential of China. Since the crash, investors are cherry-picking stocks. This action is one of the reasons the market is seeing partial recovery since the crash. Bloomberg reported 28 weeks of increase in registered investors. CNNMoney reported that 81% of Chinese retail investors are actively trading once a month. In the US, that numbers is only 53%. 
While the Chinese Market continues to be volatile, the potential for the long-term investor is high. Picking the right markets is the key to success in the Chinese Market.