raymond cheng from standard chartered.een very strong domestic tourist traffic across the board and whether you look at in terms of the number of trains that have been operating, single day rail tickets as well as domestic tourist sites. consumption growth remains unclear because there've been anecdotes of some consumers trading down during the season and when we look at the movie box office as another example, we also see slightly weaker than forecast activity as well. so, we continue to keep a close eye but all in all it very strong traffic numbers and domestic travel is much stronger than international travel. probably because of aircraft and crew availability remaining limited at this point. how concerned are you are about unemployment rates? particularly amongst the youth. how is that connected with those consumer figures you were talking about? great question. unemployment rate has been quite high, as high as around 20% for the younger demographics. i think this will certainly put a blip on consumption growth for the

so, we believe that it would likely at around 5.5% raymond cheng from standard charter thanks forjoining the earnings season in corporate america... starbucks beat wall street estimates for profits and comparable sales in the quarter ending in march. the us coffee giant saw a 7—percent increase in global sales, which were helped by the economic recovery in china we've been telling you about. as starbucks�* second biggest market, china has been very important for the company but competition for its market—share in the asia—pacific region is growing. to help us understand the retail coffee chain landscape, let's bring in nathanael lim, an insights manager, at euromonitor international for more. good to get you on the programme, i don't know how much of my previous interview in terms of chinese economic recovery or listen to, but how important is that in terms of coffee chains and their ambitions to enter the chinese and beat the players like starbucks, for instance? i players like starbucks, for instance?— players like starbucks, for instance? ~ ., ,, ., , ., instance? i think for starbuck