What Does the Backlash Look Like to Party State Capitalism?

China's party state capitalism model has provoked a backlash globally, which has some pretty significant knock-on effects for China. So can you talk a bit about what does this backlash look like to party state capitalism? And I think an important question, do you see Beijing adapting, responding to the backlash in ways that might bring China back into more close alignment with traditional economic regulatory norms?