By Fareed Zakaria, CNN
Hundreds of you have submitted very thoughtful questions for me through Facebook, Twitter and my blog. Over the next few days, I am going to post my text and video responses to some of the most common questions and a few others that caught my eye.
I've always been bullish on China. People have often told me that China can't continue to grow like this and that the whole thing is going to come crashing down. Well, for 25 years, it hasn't come crashing down. China's had ups and downs - but mostly ups. And they have managed the downs very effectively. I continue to believe that China will manage to do that.
I think that the Chinese government has a very bizarre situation where it is being run as a pro-growth dictatorship in which technocrats run the country and they do it with long-term planning and, by and large, do it in ways that are friendly to the markets and trade. It's not replicable. When people talk about a "China model" I think, there is no model! Mostly when you have a dictatorship or you have any kind of unelected leadership, they tend to mess up the economy. The Chinese do the opposite. Why is not entirely clear.
I do believe China will be able to manage its short-term challenges. Their stimulus program was about 10 times the size of the American one in percentage terms. They are facing some excesses that have built up as a result of it, but they'll manage those.
The real problem is not a crash in China, which I think is unlikely. The real problem is that China is going to stop growing at 9.5% a year just because nothing goes up forever. And the world will have to get used to a China in which 6% or 6.5% growth becomes more normal. It may not happen for a few years - maybe three to five years - but certainly at that point you're going to see a much slower growth trajectory for China.
What does that do to a world that has gotten hooked on a Chinese boom? That's the question to watch.