jin liqun: i would say initial phase is encouraging. and i think both sides understand how big a stake they have in maintaining the very good economic and trade relationship, and the rest of the world is watching. these negotiations, discussions. so we, as a development bank, we really like to work with all of the countries promoting economic cooperation, regardless of membership. bill: we have obviously had a dip. i think that dip will persist for a little while. but the outlook as we get into 2020 and beyond is pretty good. it feels like we have made some adjustments related to the trade war. obviously, if things get worse on any of the fronts that we all watch quite closely, then it could be different, but we are optimistic that we can avoid the detour back into the bad zone. and i can tell you, at standard chartered, we are continuing to invest as if the economy will improve over the next year and a half. francine: talk to me about u.s. and china. if we stay in this trade war without getting a phase one deal but without it getting w

jin liqun: in the present-day