cc may contain inaccuracies so what do we see after the chinese lunar new year holiday the expectation was it will continue to spend yeah that didnt happen you get a big bounce in january and spending across the board whether its travel and restaurants hospitality but all that has tapered off as you get into february as a matter of fact travel has slowed down quite considerably and when you look at year over year results youre still not seeing that growth accelerate compared to last year levels so the economy in many ways remains under pressure especially the chinese consumer what are we seeing in the very crucial real estate sector and could we expect more measures coming from the npc yes so the real estate sector has some silver linings i would say i think there is now in the data some evidence that prices and sales have bottomed out now the commercial side of the property market is doing much better than the residential side is that said again i do want to caution compared a year ago levels we are still looking at a pretty serious bloodbath especially when it comes to housing prices the other thing that is a perennial worry when it comes to china is the regulatory outlook right and we are hearing reports that government agencies set up for the next reshuffle is that still something that preoccupies the worries of investors looking at china yeah i think that remains a big concern now what i think weve seen happen in the property market is that a lot of the theres been a government decision so to speak that the problematic actors and developers have perhaps been taken care of that enough of the sector the bubble has been deflated that perhaps now you can move in and begin begin the process of resuscitating the firms and begin the process of putting a floor so we dont see further deterioration i did that effect youre starting to see some amounts of supportive policy as well were also starting to see that sharper rebound when it comes to credit and borrowing uptake right but is that what does it tell you when were seeing that coming more from the corporate side rather than consumer yeah i think that tells us that businesses are certainly getting ready to perhaps start investing and start hiring again something that they have not been willing to do for months and months especially through most of last year the consumers on the other hand are certainly not going out there and getting the type of loan access it appears that said now we have to see how the you know the overall economy shapes up and if this stays on the lenders the bankers most certainly seem amenable to giving out loans more than they have been what has all of this meant for the inflation picture in china because remember when china started to reopen the world was worried that we would see another huge inflationary wave coming from the second largest economy in the world yeah i think the latest inflation numbers that china beige book has picked up do offer a sigh of relief to chinese policymakers and i think even the fed were starting to see that initial the initial jump in inflation kind of pare back and retreat a little but i think thats a positive sign for global reflation in china exporting inflation fears what should we be on the watch for in china in the next couple of months i think no one is looking at the comeback the chinese consumer comeback which i think it is still too early to count them out given just if every numbers alone so where do we see that return and then what is the strength and duration of that chinese consumer you know comeback that we were all waiting for the number two item would be the property market do we get a sustainable recovery this year or does it remain a mixed picture that investors will most certainly not be happy with