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I think the monetary angle in terms of what it means for the companies, is not that important, however, for what it means from the consumer point of view, then clearly if there's easy money and ... individuals can borrow cheaply and repay debt quickly, then that of course is going to help the economy and the companies.
Just two months ago China was facing one of the worst years it's ever had in terms of equity market performance. So I think investors are taking very seriously the fact that the rebalancing of MSCI is happening, there's a disconnect between China's place in the world economy and China's place in the world's stock markets. And the two things can't be diverged for so long.
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