The Chinese Economy Needs to Recover

The People's Bank of China is the only major central bank that has cut in the last, let's say, 12 or 24 months. Money supply growth is 12 plus percent, which is the highest it's been in a long, long time,. Bank corporate bank lending, as Keith mentioned, is starting to rise after falling to almost 10 year lows at the beginning of 2022. And interestingly, you're right. Steve, the central bank has basically started to accumulate assets. So what does that mean? It's starting to basically print money again. But we need the Chinese economy to recovery the take hold and then that will help with commodity prices too.