Hi Lloyd, Appreciate the question. I think the Chinese Government is very conscious not to repeat the mistakes of past easing cycles where excessive borrowing was allowed in order to stimulate economic growth. The Chinese government has worked hard over the past 3 years to clean up the financial system. Measures such as deleveraging at state-owned enterprises and local governments, reducing excess capacity in heavy industries and tightening regulations on lending practices are structural. As such, policymakers will be more cautious and selective in their stimulus actions this easing cycle. This will likely mean a greater focus on fiscal policies such as tax cuts to support domestic consumption and modest infrastructure spending along with some minor monetary easing measures such as RRR cuts. These measures should see China’s economic growth improve throughout 2019, particularly if we get a positive resolution in the US/China trade dispute.