ofna is the largest consumer priorities. china is increasing consumption 50% in global consumption. they will dictate commodities and not the biggest driver of commodity prices. investorshat did learn versus what did china learn? >> investments have been in denial about what it means. august 11 is just the tip of the iceberg. china wants to have a weaker currency. to engagee they want in currency, china needs to cut interest rates. china's companies have seen massive increase in debt. begging for low interest rates. the only way the impossible trinity, the only way for china to cut rates, they have to let the currency go. china has no choice but to attend to the policy. to me what the market didn't summer,nd through the it was because in my opinion it had to do with the fdr. it wasn't clear as of late october, washington was on the fence. this is why they were allowed to do it, to invite washington from the position. 30, one of november the basically reserve currencies in the vip club, it has accelerated. china's incentive is gone. scarlet: david wu is just getting started. he calls