august, with the andlation of the trade war very bad car sales and car production, the number are goingng forward, i think we should see some stabilization. the downward pressure from higher tariffs are still kicking in. terms of the trade war escalation, what degree do you think a weaker yuan has been cushioning the impact, and where you see the currency heading from here? yuan as the rmb has appreciated against the dollar, but the dollar has been quite strong. has not really depreciated against other currencies so any cushioning factor is quite limited. and at the same time, the authorities are concerned that further depreciation could set in a protracted expectations of additional expectations for domestic residents. so they will continue to manage the currency tightly. we are only looking for 7.2 this year and 7.3 to share, although there should be volatility's. the recent news of some delay of tariff hike has sent see ny stronger. - cny paul: you also see policy easing on the way. what do you see in terms of magnitude and timing? ourn the policy easing, view is that the government