I think you describe very well the situation General Secretary Xi is facing. In fact, housing represents 25% of the Chinese GDP. Housing construction is down 40% this year. The unemployment rate among young people 18 to 24 is 20%, and there's a lot of dissatisfaction among young people. Add to this the fact that this year we will probably see the start of the decline of the Chinese population, because last year there were 10.6 million births, but the number of deaths was over nine million. This year, probably, the number of deaths will be over the number of births.
If you add to this the deaths at the municipal level and the impact of bad management of COVID-19 on the Chinese economy, according to institutions like the World Bank, growth will be reduced by 2%, which means China will be lucky to have a growth rate of 2.8% to maybe three point something—