Relying upon so that means the situation here is very complicated and relieve the room for manoeuvre in china in terms of damaging measures for the timing economy those are relatively constrained. Lets turn now to the Red Sea where tensions continue to escalate. The us and uk Led Strikes on mainland yemen last week against the houthi movement, after the armed group launched several attacks against commercial ships. This was in response to the conflict in gaza. Around 15 of Global Trade passes through the Red Sea, which is connected to the suez canal. Deborah elms from Trade Advisory Group Hinrich Foundation who is watching the developments closely. I think the real challenge if you are a commercial Shipping Agency is trying to navigate what is an incredibly fast moving set of risks which
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