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joining us now for market strategy, james bevan, cclc investigate management and roger gobley, lgt capital management. gentlemen, thank you very much for being with us this friday. roger, asian markets are holding up pretty well despite the fall we're seeing in the chinese markets. do you think global markets are pretty much immune to what's happening over in shanghai? >> not, not at all. actually, everybody was aware, more or less, that the chinese domestic market was facing macro overheating situation and if you see that the money supply was growing seven times faster than normal gdp, this is an unhealthy situation. so the market was pretty much aware that once the government might point out some measurements or might talk about some tightenings to monetary policy, this will have a negative impact so far. on the other side, of course, it will have a negative impact for the market and market has corrected 20%. still, the market is an outperformer. therefore, i don't think that the global investors will reach that dollar, but certainly we will see the market is going to pull down. and whil