China Needs to Continue to Export Massively

China needs to continue to export massively. The exports to the urozone are coming down very, very rapidly because of the weakness of the uro zone. And russia is likely to lose between 11 to fift n % of its g d p in 20 22 with massive inflation. So ultimately the problem in china is, how do they deal with the real estate bubble and what is going on with the real ate sector? It is not very transparent, so it's not easy to monitor the same way that we would monitor the us. Or the european real estate bubble.