that is jane foley.oming up, we will continue to talk china, and the rrr cut, sending out a warning on the fragility of economic recovery. this is bloomberg. ♪ >> i think despite monetary policy, fiscal policy will likely be the name of the game in the second half of this year. >> china's flexing of its policy muscles is definitely causing investors to take a step back until they get a better sense of where this will lead. >> from a risk assets perspective, it does send a positive signal, and thus put a floor under certain allocations. dani: that was reaction from some guests about china cutting its reserve requirement shows for 50 basis points for all banks. jane is still with us to help us dig through developments. it feels like not that long ago we had concerns, or at least the pboc had concerns about a strong renminbi, given the cut to the triple r's and growth in china, is that strength ready you on -- yuam over -- yuan over? jane: if the markets get wind of that, that is negative for the renminbi.