Are you confident in China’s economy?

Last week’s credit crunch, plus the stock market slump, increased people’s concerns that the economic slowdown may accelerate in China. Recent assessments have also added to a gloomy picture for the economic prospects of the world’s second-largest economy. In its latest Global Economic Prospects report, the World Bank cut its 2013 economic growth forecast for China from 8.4% to 7.7%. So what are your prospects for China's economy? Is China’s economy heading for a crash? Are the authorities capable to have the situation in hand? Please share your thoughts and opinions.