All right, Alexander, let's talk a bit about the Chinese economy and the stimulus package,

which a lot of analysts are saying this is a huge stimulus,

but I guess in the grand scheme of things, given the enormity of Russia's economy?

Would you say this is a big stimulus?

And would you say that the Chinese economy is in trouble?

Or how are you seeing things?

The Chinese economy has matured and it is much, it's given it, given the size that it has now, the fact that it is matured to the extent that it is much, it's given it, given the size that it has now,

and the fact that it has matured to the extent that it has done,

it cannot achieve the kind of double digit levels of growth

that it was achieving 15, 20 years ago.

And I think this is a statistical reality, which many people, I think, have struggle

understanding. So the fact that China is growing, or claims that it is growing, at a rate of 5% a year,

rather than 10 or 15% doesn't mean that, doesn't in itself mean that the Chinese economy is in trouble. What it simply means

is that it's now grown to the level and is mature to the level, that it is statistically

impossible to maintain those kind of levels of growth. But that doesn't mean they don't have

problems. And this is where I think

we have to go back to the earlier stimulus plans of which the last one was made in 2014.

And it was a bigger stimulus than the one we have seen now, which is that over the last 10 years,

China's economy continued its growth.

The main drivers of growth were no longer technology, manufacturing, things of that kind,

to the same extent.

It was more construction, in housing construction,

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