china hasews is that the resources and the policy flexibility to get back on track.what did you make of what mohammed said, which is, we may not be overreacting to what seems to be some troubling concerns with the chinese currency? >> paying attention to the currency is important. it is important to note the chinese government made some big mistakes in managing the currency dating back to august. i think the mistake is not execution. what they are doing is proper and appropriate. it's communication. they have done a terrible job telling us what they are trying to accomplish. i think what they're doing is quite sensible. we are going to devalue the renminbi against the dollar if there is a strong dollar again this year. at the same time, they are telling us they are determined to keep the chinese currency basically stable against a much bigger basket of currencies, and they have done that. as of yesterday, the renminbi was up slightly against the basket. i don't think this is a competitive valuation, nothing to do with boosting exports, but simply relieving pressure f