The Prosperity Story in China

One of our big stories today is that they've put in this registration system it now would enable them to put in a property tax. Do you agree with our take that that's kind of a good long-term story but might be disastrous at the moment? Definitely I agree that this may not be the right time to do it. Having said that I think the government is more focused on reform that is going to help the technology the data the AI and the semiconductor sectorsRight now given what's happening with the US and rest of the world. So that's where you're likely to see positive reform versus the common prosperity story sort of a long-term thing that they almost have to stick