 Okay, John Liu, our great China executive editor, thanks so much for joining us and helping us to understand the trajectory ahead for the Chinese economy. Coming up next on Bloomberg Daybreak Europe, we're going to get the details of the earnings from the Dutch chip equipment maker ASML. This is the US is considering more trade restrictions against the company as part of a crackdown on China. Our reporter Sarah Jacob will have details for us next. Stay with us. For that, this is Bloomberg.