guys i want to start with that china pmi services retreating in june yet another sign that the postcovid recovery that is cooling the creation index declining from 571 in may to 539 in june so still in growth territory but much weaker than expected christine that kshaped economic recovery seemingly losing momentum how much pressure is this going to put on the government to support growth further i is definitely going to add pressure lizzie just because as you mentioned that hopes for a chinese recovery after the covid lockdowns and exiting the covid zero policy really isnt panning out to be the just positive story that they were hoping it would be right and weve already seen some measures from the chinese government to kind of encourage certain banks for instance to aid borrowing and just kind of business lending so theres a little bit of that there and then of course policy as well but you know it looks like theyre just going to have to do more because this growth story in china especially out of that comes your policy really disappointing not just investors in asia but also investors globally especially as the rest of the world looks to be slowing in the second half