Worked so much in the first couple of quarters. We are also expecting our investment ipo tomorrow. It is a very, very busy year for us, all in all. You are looking at health care opportunities. Everybody else seems to be doing that. That is why valuations have skyrocketed. What are you finding and what are you concentrating on within that space in particular . Nisa it is interesting. Board. St across the is, is really interesting when we invested in the first company, the first Vaccine Company to list in hong kong. One of our Companies Went out in hong kong, the first device company. Venus, thepo of whole medical device sector has become hot this year. Seen 25 areas we have Companies Getting funded in china alone. I am not sure about the competition. On the discovery side there is also excitement. Because valuation has grown so much, we would still stay away from very expensive deals. Historically, we have been investing 75 at least. Systematically we have been doing the same thing as
So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
To be a lot at night it was also wholl ok thank you so much for that ma and i do remember that speech very well trump was forced to laugh it off im self. Cant get that out of the memory thanks for that ma when will come back to you a little later in the program joining us now from washington d. C. Is richard ponza he is the director of just security 2020 with the Stimson Center think tank. I want to pick up something that meaghan said and put it to you my almost talking about this astounding reversal of roles that we see now the u. S. Really its very nationalist and we have china and russia talking about multilateralism holding this up about their commitment to the u. N. And to you the uns role whats your take. It is truly an astounding reversal. From the beginning of the trumpet ministration not just the beginning of a pandemic the us has been very much on the attack about some type of book globalism that was antithetical with real American Values patriotism of course all tied to his
Woman drawn or trying it means that china has effectively covered the spread of the outbreak well beyond our borders. And for that we have made extraordinary efforts. And a heavy sekret for Global Public Health Security which will be richer for that chinas not fighting alone all danger National Community has given us a valuable moral and a multirole support in this joint fight is strengthening the friendship between the Chinese People and people across the world Russia Belarus and the owl k. Swiftly delivered badly needed medical supplies to hand through a chartered lies pakistan apollo iron clad sent us virtually all the mosques in this stark. At the peak of the outbreak Prime Minister hun son of cambodia paid a special visit to beijing to offer his staunch support for china through a specially made video try mr pryor chano china of thailand convey the message to thailand and china a while family committed to fight the epidemic to get Prime Minister. Rajapakse out of sri lanka played