China's Credit Impulse Will Continue to Recover

We've seen front loading of a a government born issuin, with the funds going to fund inferstructory investment and so on. The chinase government is also cutting taxes, cutting inte stras, although selectivelyand we believe there will be one more coming soon for the banks in china. We've seen some local governments easing up on property market lending,. allowing a more flexibility for magran workers to become residents of certain citiesso that they can start buying property those areas. So all this policy move that we've seen in the past few weeks actuallyth they are giving out a very strong policy measure. That's what we are talking about.