david herro: china has macroeconomic issues and political issues.ying to go from this centrally planned investment-driven to more consumption-driven and more of a market of orientation, so they say. there are changes going on. excuse me, it is impacting growth rates. volatilityting the of the currency and everything else. all these things are true. this does not mean that the whole world is going to get sucked down the drain because of some uncertainty in china. this is the way the markets have behaved this week. we made our first direct investment in our international strategy in the chinese stock on a search engine. we have been wary of some of the h shares and others because there is a lack of transparency and a lack of alignment in shareholder interest. we are going to tread very carefully in some of these other companies. they are starting to look attractive, but we will tread carefully given those. the point i went to make about china is it does not really matter to the global economy that much if it goes from 7% to up to 5% or 6% growth. why?