If you were reading a Wall Street Journal, American Media, Financial Times, the Brits, etc. Ah! The Chinese economy is in dire straits. They are not going to grow 5% a year. It’s ridiculous. They grew practically 5% a year in the first semester. Everybody was doing this blah, blah, blah because in the second quarter they grew apparently 4.9, 4.8 something, almost 4.9, which if you compare to the first quarter, overall 5% and the communique was very explicit. Our unwavering their own worlds target is to grow by 5% for the next five years, not only this year.

So this gives all of you the idea of how focused they are and this is the number one focus. Foreign policy, of course, is adjacent to all that, but the most important thing is to face the economic challenges. They are already factoring the Trump factor judges. Very, very important. And this is something that you can talk freely in Hong Kong with people in the financial markets. And they know that there’s going to be a tsunami of sanctions next year if Trump is reluctant. [tr:trw].

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