in the firstp 60% quarter. still in the negative, down 4.3% in march versus 4.9% in february. that is a significant easing of those pressures. that will feed in to better corporate profits in the longer run and the pay down of debt as well. going back to the food priced, this is less of an issue, more about supply shocks rather than demand. analysts saying for the central government, the focus and a key concern is on deflation rather than inflation. the pboc may have its finger paused for future easing. commerzbank says they expect a rate cut in the second quarter of this year. might have to do something after gdp data scheduled later this week. we get the gdp data on friday. the forecast, 6.7% for the first quarter. that will be online with the government's target for the 2016 , 6.5 and 7%. we have heard from fidelity international, you need to break down the gdp number for china into a provincial basis. provinces -- some provinces came in with a gdp around a .9%. -- 8.9%. this could be a tale of two china's. look at it a on the provincial basis to get a clearer idea. we will