I just wanted to add the real estate in Qingdao on the ocean is quite magnificent. I heard the olympic boating races will take place in the harbor there. It is one of the few clean cities in China and I am sure it will eventually become one of the main second home spots for wealthy chinese along with dalian and sanya. Along with an inevitable yuan revaluation, it could be quite an opportunity for the right well-capitalized investor. However, if the banking system does not improve to where they can allocate capital efficiently it may put the entire economy much less the real estate market under significant pressure in the future.