that is tatjana puhan at tobam.oming up, china's economy and what needs to be done to prevent default. it is over default fears, default rate climbing, fears about evergrande and other property developers. we are going to discuss that next. this is bloomberg. ♪ manus: is "daybreak europe." the banks in china are being pushed to boost their real estate lending in the first quarter. this goes to the heart of the matter. it is about the authorities increasing the concern about the industry's liquidity crisis, trying to keep that stability factor, one could say in the economy. dani: speaking of stability in the economy, we are going to rip up the script. europe is facing and issue of trying to keep stability and inflation at bay when energy prices are surging. let's bring this question of what this means to the economy. still with us is tatjana pujan at tobam. this is something that ian bremmer at eurasia group raised. one of his top problems, risk going forward, was this transition, this energy transition of global eco