So we're actually pretty constructive on China.

我們對中國這個市場蠻有信心的

Obviously given the recent party congress, we're gonna have stability politically there,

顯然地，因為最近中國召開的全國代表大會，使政治環境穩定

and we think they've got the tools at their disposal to deal with some of the challenges they've got around debt levels

我們認為他們有能力處理所面對的高負債率

and things of that nature.

和相關的問題

And what you have to remember is that

你得記住的是

today, the incremental global growth is largely coming from China and the Asia Pacific region.

現在國際經濟的成長，有很大一部分是由中國和亞太地區所貢獻的

So, two thirds of incremental global growth are coming out that region about half of that is China.

有 2/3 的國際經濟成長都來自亞太地區，且那其中的一半是來自中國的成長

So, China at 1.1 trillion, even growing at 5 percent, it's still 5 hundred billion dollars of incremental growth.

所以，中國現在 GDP 達 1.1 兆 (註：實際上是 11 兆)，就算只成長 5%，還是能達到 5 千億的經濟成長

So, we actually like the China story quite a lot.

我們其實很喜歡這樣中國的發展

And how does it translate into investment opportunities?

那這可以如何解讀成投資的機會呢？

Well, really, on two things.

就兩點來說

One is that you, um... have additional support for equities

其中一點是，中國能提供權益市場更多的協助

and the things we've been talking about in terms of broader global equities being able to generate earnings

和一些我們一直談到的，就更大的全球權益市場方面來看，可以賺取利潤

because you have this huge consumer class in China, about a hundred million middle class consumers, for example,

因為中國市場有龐大的消費者，舉例來說中產階級就有 1 億人口

they're gonna want goods and services and whatnot.

他們會需要商品及服務和諸如此類等等

And, it also is a good opportunity for people to think about China specifically

而且，這也是很好的機會讓大家好好考慮一下中國這個市場

and get in access to companies within China that both will tap that consumer group within China as well as be global players.

並與中國公司做接觸，能開發中國這個消費市場，也能成為國際市場的佼佼者