The brightest minds on China explain what's really going on

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china olympics beijing 2008 fireworks security guard soldier

Reuters

A security guard stands near the National Stadium during the closing ceremony of the Beijing 2008 Olympic Games, August 24, 2008.

The Chinese economy is slowing down, and the entire world is watching to see what happens next.

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This summer the country's stock indices crashed twice, it devalued its currency, and the country's traditional growth drivers - exports, manufacturing, and property - all started flashing red.

So there are tons of questions.

Will the government be able to stop the bleeding?

Will companies start collapsing under the weight of high-levels of corporate debt, which the IMF warned about in September?

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Will the government blow through its foreign-exchange reserves as it tries to defend the yuan's value against traders pushing it down?

All of these questions are really important - but there are really part of one bigger question: What is really going on in China?

We asked some of brightest minds on Wall Street that, and they shared their thoughts with us.