we asked china economist rory green whether any of it is working.hal is mainly on sentiment. i mean, onshore traders are describing this change in sentiment, like going from a hospital deathbed straight to the nightclub, such as the dramatic shift in mood. but in terms of an actual feed through to the real economy, there's been a little bit of an uptick in housing transactions, slightly better spending data. but in reality, no, not much sort of hard feed through from these stimulus measures. and that will come in the months ahead. mainly sentiment has shifted rather than the real underlying activity. the main thing we're looking for now is fiscal spending. and that's really been missing for this year and the previous year. so when domestic demand is weak, households, businesses are willing to borrow and willing to spend, it's really on the government to step in and drive demand, drive activity within the economy. and that's what is missing in china. so beijing has hinted very strongly that fiscal stimulus is coming, but so far they haven't announced