China's Economic Recovery Is Not Going to Be a One Off Cash Injection

China has the capability to rule out major policy support in the past. We've talked over the past few weeks about why we think that's not going to happen this time. The recovery is going to be more consumption based driven last time around, you know, there was more focus on increasing a lot of infrastructure investment and real estate investment. Arguably this time, there's less space for that to happen just because China's infrastructure levels have gone up. And then lastly, policy support, it's still going to be supportive for growth, but they're not going to come out with big bang stimulus this time around.