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The Chinese Real Estate Sector Is in a Difficult Position
In the late nineties, e there was this slogan of basically the force being about to catch fire. So i think that to some degree, we see something very similar where there is a sense that the situation in the real estate sector has become exceedingly dangerous. There's an attempt of basically letting go of evergrant and before the whole forest catches fire. I think this is preparing andbasically cutting parts that are clearly very unstable in order to kind of secure the larca markets o a kind of preventingte the contagion before it even happens. But whether this will work or not, i's, it's an open question.