Is China Uninvestable?

Lupin Ramad of Pemko. In your view, is China not uninvestable but increasingly a fraught investing proposition that perhaps isn't recognized in pricing currently? Well I think that looking at the fixed income opportunities in China over the cyclical horizon, we are a bit more cautious given the opportunities elsewhere within the fixedincome world as well as emerging markets. If you're looking at the level of real rates, really you're getting better opportunities elsewhere, whether it's Brazil or even Mexico.