The Ex-State Owned Enterprise Fund

Ren: China has been very successful in broad industrialization, which means for almost every industry, you will have enough suppliers within the vicinity. I think India really needs to pull its strap together in terms of infrastructure and also a broader industrial industrialization. In China, there's a huge difference between private and state-owned. So, the future is the competition between US and China. It's not necessary war, even though the war is on the media.