i think that's a fair return coared tmanhattan. you'd be making maybe four percent return but the ierest rate environment isifferent in china wi higher interest rate. that's if you were just to buy buildings today as investment. but of course they are as a developer we bld buildings from ground so the profit is higher than that. >> one charge out of china is this is frequtly a point made by both people who do biness in china and people who -- in the government is that the government favors state-owned enterprises. >> no doubt. >> charlie: the consequences of that are? >> i think this is the thing. if you look at china wt drove china to where it is the cost of china's ascent is pretty much the open doors, the reforms, the embracing of the market economy but at some point and mostly recently that we seem to be going a little backward. it's two step forward, one step ckward and where we are now and the government is in favor of state-owned companies. we get to where we arey privatizing everything not by state-owning everything. that's