Watch "Fareed Zakaria GPS" Sunday at 10 a.m. and 1 p.m. ET.
There is much speculation these days about power struggles in China in the wake of the ouster of Bo Xilai, the powerful party boss of Chongqing.
China's political system will surely be tested but in the short run, its leaders may have dodged a bullet.
Bo Xilai was a charismatic, Machiavellian leader, who used populism, money, and power to build a political base.
Had he not been brought down – by a series of mistakes, revelations, and bad luck for him – he might well have altered the nature of the technocratic system that now runs China.
In the short run, China might well survive its political crisis. But it faces a more immediate challenge: an economic crisis.
Watch the video above for more about China's economic future or read more in my column at the Washington Post.