First of all let’s talk a little bit about China because we have had some commentators especially come in and say that they believe that the monetary tightening cycle in China if you will has now come to an end and, therefore, stocks there may be bottoming out. Do you agree?
Most analysts are expecting close to 10% growth over the first quarter. We are seeing signs that there is going to be a soft landing and the government seems to have done a reasonably good job in trying to hold back growth, given the kind of inflationary pressure and the decision to allow the renminbi to float does help a little bit in terms of the inflationary fund as well. Source
