joerg: not at this stage. we see no change in the zero covid policy and we are facing 2022 a little whack-a-mole. we have sanctions and lockdowns. many parts of china, omicron is known for spreading fast, and we might have a similar situation. will china vaccinate better and open up, will it change policies in order to join the world in opening up again? i don't see it that this strange -- this stage. they are trapped in zero-tolerance and are finding it difficult to get out of it. dani: people have said maybe china looks at a more flexible covid zero, you keep the name that perhaps how you enforce it is different. are you saying we are not likely to see that and they stick with a strict lockdown and enforcement we've seen the past for years? -- few years? joerg: i have sympathy for the government not opening because the level of protection for its people is not as good as it hoped for. particularly those 60 and above. vaccinated with one shot or unvaccinated. they have to be better at vaccinating these people