The Structural Shift From Strong Inflows Into China From Multinationals to Almost Nothing

Every quarter, there was about $75 billion that came in from all those multinational companies into China. Now the trend is closer to 25 billion per quarter. This is a big swing in the balance of payments. And it's a problem for the currency. It's a really big deal. I don't know how much time we have. There's a quite long list of issues in China. So the Chinese problem is bigger and we've only started to correct one to two years. That's going to be a drag on the economy.