james athey is an investment director at aberdeen standard.plendid this and exceptionalism can be manifest in the data and is industrial production the market will hang its hat on. for you, when you look at these growth levels, that china is putting on the table and we may get from the u.s., how do you divine where you allocate more, and into which basket? james: i think producing growth of an acceptable magnitude is not china's problem. china's challenge is producing growth of an acceptable magnitude that is sustainable and that is not once again being demonstrated by these numbers. china recognizes this. we hear this from the last few days. growth has relied on exports and debt to funding to increase capacity, which is not required. these are not sustainable trends. china needs a greater share of consumption in its growth, and unfortunately the data is still showing that is unlikely to be the case in the immediate future and it is a real challenge in the long term. for example, if i did expect china to continue driving investment led growth