a business columnist for the financial times and cnn's global economic analyst. and the founder and president of you're asia group and columnist for time magazine. let me start with you. you wrote a very significant article in foreign affairs in which you said that basically both sides of the aisle, republicans ha republicans and democrats had gotten china wrong. it's caused a lot of controversy, but what is the implication for u.s. policy towards china? in a sense are you saying what donald trump represents is the new normal of much tougher policy towards china? >> thank you, fareed. first, i would say i think the argument of the piece was more that the conditions have changed. i actually think a collection of bipartisan group did follow the right strategy for decades. but the course that china has chosen is quite different from