i joined by barry eichengreen.ok at the timing of this, is it significant that it was done as a president to president trump that struck a conciliatory tone. >> i think it is probably one of the presence the chinese government has been planning before donald trump's visit to china. the timing is auspicious. the timing or the release is really a long time working behind the scenes by the chinese government and regulators. two years ago, when the first exchange rate was formed and another exchange rate negotiation in january of 2016, it did not work well for the chinese economy and the markets. , the rippleket fell from the china -- the world market fell, the ripple from the chinese market. years of hard work behind the scenes. the release today is to go inside with mr. trump -- coincide with mr. trump. francine: why we have not seen a bigger market reaction? are we still waiting for details with the new rules? general,wo things, in asian market is down today. hong kong and the mainland chinese market substantially o