if you are pedicel the chinese currency at the onshore markets, --r soul stock and equities the vesselathleen: i guess it makes sense from china's point of view but when i think of the global market, one of the reasons the big bang trades is to make the market, which helps investors and traders. and it also makes them some money. my guess is that china is not ready for that. there is annly arbitrage where you can buy dollars in the onshore and so it in the offshore. argentina stopped having a dual system. it is really to stop money leaving the country to quickly. people have been taking advantage of that. that wants people to note this is not the behavior we are looking for. so if china wants to become a true global economic powerhouse, it is already the second largest economy in the world and growing rapidly. to be a true economic powerhouse, you presumably have to have open capital markets, you have to have a currency that trades freely. is this a step away from that? doug: it is a short-term step away from it but they've talked about doing this by 2020. you have four more years of t