i would caution at the same unveiledna has industrial planning, whether that is made in china 2025, --ch calls for essentially a in the next decade. let us also remember the big strategic objectives of the party, which do not necessarily include foreign companies. haidi:

i would caution at the same unveiledna has industrial planning, whether that is made in china 2025, --ch calls for essentially a in the next decade. let us also remember the big strategic objectives of the party, which do not necessarily include foreign companies. for china argument a veryk, you do have closely held economy, it is centralized. they have a lot of debt building effective shifted from one hand to the other. you can have a miniature kicking the can down the road but it will not become systemic and a horrible crime. this is a stability type question. you someone traveling around china doing a story. cities relied on seal for their only out ports. people have taken pay cuts. they are being retrained. is that going to happen quickly enough, or do you think there still is this sort of string of social unrest because the transition to the new economy is not happening fast enough? >> unfortunately, the data we use to have about the social unrest is not recorded anymore. we know for sure there is a great amount of dislocation that is happening as china is beginning to move out o