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the economy tries to recover. growth in china has sagged this year, largely impacted by the uncompromising covid—i9 curbs as global demand has also wavered. joining me now is jane foley, head of fx strategy, rabobank. how important will china's covid policy be to shaping global inflation next year? it is going to be really very significant. for instance if we look at that producer price inflation, that was negative again in november but if we look beyond that and we look to some prices of these key inputs, so for instance, iron ore which is crucial for steel ore which is crucial for steel or copper which is crucial for housebuilding and so many other goods too, we see that those prices have already gone higher in the market and this is because the market is anticipating that as china reopens there will be greater demand for that but there is one commodity which i think is going to be really important particularly for europe and thatis particularly for europe and that is liquid gas, lng. that has been weaker but as china reopens, is there going to be more competition for that? and that could be really important in 2023 as europe tries to refill its gas storage stations