I don't think we have a very clear view about what's going on, what the substance of these protests are if you're only consuming US media. I had an accidental window into that by being in a completely different part of the world this past week. The Evergrand thing, look what he did this week. They said, okay, you know what? The real estate industry can now issue secondary stock sales, raise equity and equitize themselves. It seems like when the tides do change, leadership there seems to respond,. not always, but enough to keep things going.

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