>> let me ask you, first, about what you are seeing in china in terms of the economy. we know the growth has slowed down. is it the engine of growth for the world it was just a few years ago. >> it still is the main engine of growth for the world but it is certainly also slowing down. we are used to seeing double digit growth. the days of 14% gdp growth and now last year it is wa 7.5 and now they are forecasting 7%. i say it is 6.5%. so still, a remarkable growth. it is certainly slowing. >> i want to ask you about the u.s. and what you are seeing here. i know you invested in the g.m. building in new york park avenue plaza in new york. where else are you looking at investing on a personal level or at soho china in terms of opportunities? >> we've looked at the u.s. real estate when the financial crisis