the csrc, the security regulator said, these particular stock that were lent by strategic investors haveropped about 40%. so now what china has done is essentially hold the lending of these particular certain shares for shortselling as of today. strategic investors will not be allowed to lend out those shares as well during this agreed-upon lockup period. so it is just another step to try to put a floor on the falling stock market, restore confidence. we will have to see how well it works, as follows alluded to, some of these steps to petering out throughout the end of the week. paul: we had industrial profits from december out of china injuring the weekend, still in contraction. what are they telling us about the health of the economy in china? stephen: there is a deflationary environment, week internal demand and external demand. those of the fundamentals, but the trends seem to be improving for industrial profits even though the numbers for the full year are down 2.3% overall for the largest industrial giants in china. that is a year-over-year basis. but you saw it cap in november, pa