Now the question is whether China’s supremacy in the European markets is good or bad for us? We must view the question in the backdrop of the larger global economy. The developed countries which include the United States, Europe and Japan, have about 25 percent of the world population but enjoy 75 percent of the world income. The developing countries which include China and India, have about 75 percent of the world population but enjoy only 25 percent of the world income. Therefore, strengthening of China versus the United States is fundamentally a global rebalancing act. It will strengthen the developing countries against the developed countries.