Theoretically - yes there will be some loophole to do some stuff online. Something tells me people don't exactly want to pay for gigabit connections and then be forced to tunnel through kilobit loopholes. Look at north korea to see the end goal, look at iran to see phase 3, look at russia to see phase 2, you are currently in phase 1 of the plan to isolate the internet.
Tor also has been banned in authoritarian shitholes for ages. New bridge IPs pop up and get banned daily. Good luck getting a working bridge in the first place, too.