however slower demand and trade restrictions on chip making technology have put businesses under pressure. those restrictions only apply of course to high end chips currently. for more on the industry i spoke to stacy raskin, a senior semiconductor analyst. these export controls were fairly targeted. the only things that were actually impacted were high end artificial intelligence chips, chips for supercomputers and equipment that was capable of manufacturing high end logic and memory. in terms of actual revenue impact the only ones that really saw was the equipment vendors. the reason is from the high end chips it was nvidia they were able to backfill with other products that came in below the control thresholds that were legal to sell in china. the customers bought lot of those in backfill and did not see any revenue hit. the equipment vendors did see a hit. again limited in their abilities to sell tools for advanced logic and advance memory and it was several billion dolla
pressure points that these countries will have to navigate? i really think it s a confidence game at this point. we want consumers to continue to spend, we want firms to continue to invest. i think having some confidence that the rate cycle globally is near its peak, the us continues to put up good numbers, china has tweaked some of the measures in the property market. it s certainly not a disastrous story but it will probably in poorly on growth, and countries have to figure out how to navigate that given the particular circumstances. not a terrible scenario but a bit weaker than we are used to in this part of the world, where china was powering the region and everyone else was pulled along. how do you see the challenges in the property sector? it was one of the huge boosters in the chinese economy. the property sector in china is driving between a quarter and a third growth. we know the authorities are concerned about excess debt levels. they want the market mechanisms to w