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To China with the country considering.
Increasing the amount of foreign investors are allowed to put into its stock market by as much as ten fold this year -- Triggered its investment strategist.
DC today how big a deal with this for us for US investors.
Well it is a big deal I think it's still -- step.
Toward the right direction right where it's their long term goal off to have a open and inclusive.
Capital markets -- -- step is to raise the so called -- -- Don't forget that already done so back in April they already raised that -- institution off their -- investment into China from thirty billion to eighty billion now they're talking about increasing our another.
Possibly nine to ten times so I think.
As a right step however I still see a lot of hurdles and obstacles that they would have to go through we water to accomplished -- -- Well here's the thing China's going through this leadership change and the new leader of China -- -- -- pain and taking over.
What's -- like to me it is -- some thinking that maybe we have a reformer on our hands more than people father or is that going too far.
Yeah what I think that's going to a bit too far the problem with him is that.
He gets hot does want to reform however right now -- powers not secured yet I think maybe in another observation I observers are safe maybe another about three.
25 years you'll be able draft the total control -- the -- -- -- bureau at that time.
He could look total financial and also political reform right now he's trying to push.
Four however you -- -- like -- say in order to accomplish and there's still a lot of problems obstacle hurdle that they have to go through what should.
You and -- and how we should approach this is that we look at.
The GDP growth in the US vs China which principal larger point -- the Chinese -- number two economy the world we're number one at some point China I guess passed just such a huge country keeps.
Going up -- -- some sort of a collapse.
What should we be rooting for should we be brooding as strange as this may -- -- to be number one is -- in our best interest for China to continue on this path.
Or is there something else to it.
Yeah that's a fantastic questions still are they follow are they friends we still can't figure that out by the way they can't figure that I either but I think.
Basically it has for the common good plus -- worked together so we don't want to see them collapse that's definitely not good for the world wolf while our economy we do want them to be well.
But don't forget -- also -- the country that you have the second largest GDP.
But the wealth is not evenly distributed come if you look at there -- -- -- -- GDP they're actually ranked number 980.
Third in the world -- telling you -- -- still needs a lot of financial and economic reform in order for it to stabilize and to compete with us as a super economic power in the world -- based you have a long way to go a lot everything in China including a lot of poverty as you point -- well maybe this is a sign that things are moving slowly in the right direction to -- investment angle of it argued he -- thanks lot of always.
Great -- yeah.