Your framework makes sense. On #1. It’s clearly he is aware of some of it, but yet the track record is mixed at best. On one hand, the strong deleveraging policies Since 2015 and efforts to prevent real estate bubble shows the administration understands the economic challenge and trying to think long term, yet efforts on SOE reforms and support for private enterprises which generates most jobs in China are clearly lacking if not going backward by some measures. I’m just not sure more than a few people in the inner circle really knows the answer on that #3. Both scenarios have been speculated by experts, but only time would tell I suppose