mr. mcvey11, gdp has gone from 9% if you run businesses over there, you deal with china in nominal terms, and nominal terms -- this includes inflation -- it has gone down 70%. it has gone from 14% to about 6%. nominal gdp is down 70%. if you are doing business with china, which most people in the world are, let us not forget china is about a third of global growth, it is a major slowdown. that is one thing people are missing. the second thing i would say is a lot of people are focused on china in terms of having to lower their currency to improve trade. that is not what the data would suggest. china is taking market share and trade by moving into the high end. we'll come back to this because you have been reporting a lot on mna cap -- and the day, but the reason the economy is at risk is because they have too much data and low inflation. most economies, when you have very low inflation and too much debt, you lower your currency to adjust to that. , andhave had a fixed peg that is creating volat