Trump’s secret trade deal that can fundamentally reform China

Hello everyone, welcome to Lei's World Talk. Happy Sunday, happy Saturday. Welcome to Lei's Saturday Night Live. Well, just this morning I wasn't sure what I was going to discover in this trade deal, but here I am talking about a secret trade deal that Trump signed with China. I don't think anyone has talked about it yet on the internet, at least not in the English-speaking, English-language domain. Well, what an eventful year 2025 has been, right? Since Trump returned to the world stage, things have been moving at lightning speed, especially in the past few months. His midnight hammer operation sent shock waves around the world and definitely rattled the Chinese leaders. Just days after that strike, Trump announced that the US had signed a trade deal with China. But here's the catch, we haven't seen the details. That immediately raised eyebrows, and the more I dug, the clearer it became that this is a secret trade deal. And the reason it's being kept under wraps is precisely CCP infighting and Xi Jinping's increasingly shaky grip on power. And that's what we're going to talk about tonight. I may actually, like I said, be the first person breaking the terms of the deal. And to be honest, I'm excited because this agreement could reshape China. All right, let me walk you through it. And if you haven't subscribed yet, please make sure you do so because you're going to want to follow this closely. There's never a dull moment in CCP politics and in US-China relations. So this past Thursday, President Trump casually dropped a bombshell during a press event for the big beautiful bill. Actually, here's a picture of him taken from that press event. He said, we signed a deal with China. And then he specifically said, I quote him, this is what he said, he said, in the China deal, we are starting to open up China, things that never really could have happened. Okay, so that line, starting to open up China caught a lot of attention. Because let's be honest, signing a trade deal with China is a big enough breakthrough. But opening up China, that's the next level. Naturally, people wanted to know more. What's in the deal? What did both sides agree to? But Trump and his officials didn't offer much. The White House later confirmed that a deal was signed and said the two sides had reached additional understandings related to the Geneva framework that was from May, a month ago. And then two of Trump's senior officials spoke with media. Here we go. His Commerce Secretary, Howard Lutnick, told Bloomberg that this was the Geneva deal that had been stalled. And they finally signed it this week after another round of talks in London. And over on Fox, Finance Secretary Scott Besant said the agreement would solve the rare earth bottleneck, not just for the US, but also for the entire world. But when asked about tariff levels, he dodged the question. So here's what we know. A deal has been signed. Trump says it's opening up China, but no one knows the terms. And all the media headlines, they're focusing on rare earths. So something doesn't add up. Meanwhile, the Chinese side kept silent. They didn't say anything. And on Friday, when asked about the London agreement, China's Ministry of Commerce gave a brief, vague response. And they said, upon approval, both sides have further confirmed the framework details, including reviewing export applications for controlled goods in accordance with Chinese law, whatever that means. So what's really going on? Well, here's what I want to tell you. The Trump administration has deliberately kept the deals vague and steer the public conversation towards the rare earth issue for one reason. The deal signed in London, or the deal they signed this Wednesday, is a secret framework agreement. And the reason for that secrecy, it's coming from Beijing. There's nothing in the deal that forces the United States to keep it under wraps. But the Beijing side, or the CCP, especially those now working behind Xi Jinping's back, or behind him, or those pulling the strings from behind, cannot afford to let the details come out. Not yet. The deal is simply too politically sensitive inside China. It exposes too much about what's really happening in Zhongnanhai. And I believe the secrecy was requested by the Chinese side. And Trump agreed, but just for a while. And here's why. This deal is a major breakthrough for the US. Trump had no reason to hide it. In fact, he couldn't resist blurting it out the very next day at the press conference. So what's actually in the deal? Well, Chinese economist, his name is Su Xiaohe, recently posted a video on YouTube, saying he reached out to his sources in China. Because when he heard about Trump's statement saying that an agreement was reached with China, and it's going to open up China. He got curious and reached out to his sources in China. And they told him the four biggest points of the agreement. Three concessions came from Beijing and one from Trump. So let's break them down. So let's first talk about the three Chinese concessions. One, reciprocal market access. US and China companies will get the same level of access to each other's markets. And this is what Trump meant by opening up China. So Mr. Su gave two powerful examples. So the first one is, US companies could be listed in Chinese financial markets, just like Chinese companies list on Wall Street. And the second example is American platforms like YouTube, Facebook, and X could operate in China, just as TikTok operates in the US. And that's concession number one. Concession number two, leveling the playing field for Chinese state-owned enterprises. So Chinese SOEs will no longer get preferential treatment over private or foreign firms from their government. That means American companies in banking, telecom, and energy can potentially finally have a fair shot at the Chinese market. And number three is rare earth. Beijing agrees to stop using rare earth minerals as geopolitical leverage. It will ensure consistent and open exports to global markets, including the US, of course. Now, the US concession, tariffs. The United States will reduce tariffs on Chinese goods to 20%. That's a big drop from the current 55%, though it's still higher than the base rate of 10%. So now let's talk about why this is earth shattering, especially for China. Now, given American companies' access to Chinese markets on equal terms will be a game changer. Chinese investors would flock to US companies. And in turn, Chinese firms will be forced to become more transparent, play by real rules, and compete fairly. And it shifts the balance of power in China's financial system away from party control and toward the market. Essentially, the investors will decide the price of things in the Chinese stock market. And also, allowing American social media platforms, it doesn't necessarily be social media platforms. That was just the one example he gave. But it will be media as well, because we do have China Daily here in the US. So it will be a reciprocal market access. So whatever we allow the Chinese to come in to do here, China would have to allow same or similar American companies to enter China. So think about it, allowing American social media platforms into China. That will break the infamous Chinese firewall. You might ask, well, won't the CCP just demand censorship? Maybe, but remember, reciprocity. If the Chinese do that, well, the US can restrict TikTok too in the US. And then what about the SOEs? Well, these state-backed giants have long dominated China's economy through unfair advantages, government subsidies, and rampant corruption. So letting American competitors into China forces them to clean up, innovate, or die. And that alone would reshape the Chinese economy. Now, keep in mind, these are just the highlights of the deal. I'm sure there are other details, but these highlights answer the question about opening up China. And Trump has talked about opening up China many times before. We've heard about him mentioning it, but we never knew how he planned to do it. And these four points, they are a concrete start. They're not everything, but at least they are a good start. As for timing, think about it. This deal was signed right after the Midnight Hammer operation in Iraq. That show of American resolve may have shocked the Chinese delegation or the Chinese party elders and forced them into action. They realized delaying any longer could come at a steep cost. And here's the most interesting part. And Xi Jinping, he wasn't involved at all. The Chinese trade negotiation was led by this man, He Lifeng, vice premier, who used to be perceived as a Xi Jinping loyalist, but he has defected. He's now cooperating with the reform-minded party elders, Wen Jiabao and Hu Jintao, whom I have talked extensively. I made videos about who they are and their political careers. You can watch those videos. So according to Mr. Su's sources, Xi Jinping was furious when he saw the agreement, and he reportedly called it an unequal treaty and swore that he'd never sign something like that. He calls the agreement surrenders national sovereignty. He calls it a disgrace to China's national sovereignty. And that right there is why the deal is a secret. Because if this deal becomes public, the whole world will know Xi Jinping has been pushed aside. No one with his mindset would ever sign such a deal. This agreement is essentially a roadmap to dismantling the CCP's state-run economy and embracing capitalism. Even more dramatically, it signals the collapse of China's great firewall, giving the Chinese people access to information the party has spent decades trying to block. So those who signed, those who negotiated with the U.S. or those who are behind the Chinese negotiators know this. That's why they asked Trump's team to keep this quiet for now while they work through their internal transition. But make no mistake, Trump is certainly excited. That's why he couldn't help but drop the hint during the press conference. Now, you may say, well, what if what we heard is just a rumor? How do we know it's true? How do we know this deal is actually what's signed? And how do we know it will change China forever? Well, of course, I do not know. It is just based on another man's source. But if you really think hard, I mean, President Trump has already said that he signed a deal with China, and that deal will start to open up China. So there's no question about a deal being signed, and there's no question about a deal that will open up China. So there is a deal, and it's done. We just don't know what the terms are. And so if you think about this, the above three points or four points are indeed what I think Trump would demand as a start. So that's why I think this is highly, this is very possible, or it's highly valid. Okay, so I've been saying for months that Xi Jinping has already lost power. And now finally, Western media is catching on. Just today, one of my fans, Alan is his name, sent me an email telling me that the New York Post published a piece titled Is Chinese President Xi Jinping on His Way Out? So I'm glad that finally, Western media outlets are catching up, but they're a few months behind. But now the real question is, well, how soon is he stepping down? Because not until that happens, we'll probably not know the full detail of this trade agreement. My answer is not so fast. The CCP leadership is riding a wild and unpredictable roller coaster. Nothing is stable, and everything is in flux. Israel's targeted elimination of top Iranian leaders, or military leaders, have left a deep psychological scar on Beijing's inner circle. The PLA was so shaken, and they were ordered to implement a backup command system. That means every top military leader must now have a designated second in command, just in case of a sudden leadership wipeout. That's how fragile the situation has become. Meanwhile, the CCP is sending mixed signals about Xi Jinping's status. Just a few days ago, a spokesperson from the PLA announced that Xi Jinping would inspect the troops during the September 3rd World War II Victory Day ceremony. But then a deputy minister from the propaganda department said something different. He only mentioned that Xi Jinping would give a speech. He did not mention that Xi Jinping would inspect the troops. You might think this is just a small difference in wording, but in Chinese politics, every word matters. People's Daily, CCP's mouthpiece, the most authoritative mouthpiece, ran a report on the press conference. It completely omitted the statement that Xi Jinping would inspect the troops. It only mentioned that Xi Jinping will give a speech. So compare that to 10 years ago when the military parade announcement had Xi Jinping's name front and center everywhere. This omission speaks volumes. Many people say, well, maybe Xi Jinping will not inspect the troops, but will deliver a speech somehow and somewhere. Here's another clue. Xi Jinping will be skipping the annual BRICS summit in Brazil, one of the most important diplomatic stages. I would say it's the most important diplomatic stage for Xi Jinping. If you think about it, he goes to G20, but he's far from playing a leading role there. Then the Shanghai Cooperation Organization is only a regional summit, and BRICS is a global summit. Some people say that the no-show at BRICS was not Xi Jinping's own decision. He was not allowed to go. However, other people argue that if Xi Jinping really is going to inspect the troops in September, that means he is in power still. Now, while these online debates go on, a much more credible voice just went in. I think this might have given us the hint, and this came from Taiwan. On June 26, a Taiwan media outlet called Up Media published an opinion by a political analyst. His name is Du Zheng. It revealed the possible timing for Xi Jinping's exit. Now, Mr. Du isn't some sensational leaker. He's known for his grounded analysis and well-connected sources. He says he recently heard from two independent sources. The first was a prominent party elder who is reportedly involved in the effort to remove Xi. This elder passed along a cryptic message. Basically, he said, be patient. There will be changes in the fall. By October, the picture will become clear. The second source was the son of a now-deceased senior general who simply said, strange things are happening in Beijing's political circles right now. But he said that it's better he doesn't elaborate further. Mr. Du believes these remarks are political code. Together, they aligned with everything we've been hearing in the rumor mill that Xi is on his way out. The stage is being set, and it's happening quietly from within. Now, think about it. October is only three months away. That means we're not far from learning the full truth behind Trump's secret trade deal with Beijing, and from seeing how the power struggle in China will finally unfold. Now, while the state propaganda mouthpiece continues its all-is-good narratives, the various CCP factions' rumor mills are in full operation mode. They have been pumping out fabricated rumors against their opponents and leaked confidential information about key developments and upcoming changes, with the intention to restrain the opponents, testing new directions with the public, hiding their true intention through confusion, and preparing the public for upcoming changes. There has been so much insider information leaked about Xi Jinping and CCP politics. It's hard to tell what's real and what's false. One thing is certain, that is, during the chaos of dynastic transitions, rumors always lead the way. Next, I will tell you about the rumor of Xi Jinping's mother, because I think CCP's treatment of this rumor shares the same objective as their demand, as their request to the Trump administration to keep the trade deal secret. So far, at least three sources have now confirmed that Xi Jinping's mother, Xi Xin, has passed away at the age of, I think, 97 or 98. Yeah, I think 90, 97, 97, yeah. But the party is withholding the information from the public. Why? Because her funeral could expose something the regime doesn't want people to see, which is that Xi Jinping's true political status. Xi Jinping is the first top CCP leader to lose his mother while still in office. Under normal circumstances, if he were still firmly in power, the funeral would be a major state event. Think about it. This isn't just any family member. She's the mother of the sitting head of state. That kind of funeral usually involves tributes from all current Politburo Standing Committee members and party elders. Some might be required to even attend in person, and the costs, it will be covered by the central government. So, in short, the scale of the funeral will be a public signal of Xi Jinping's standing within the party. Anything less than that sends a message that his grip on power is no longer secure. And so those pulling the strings from behind the scenes, of course, do not want to give Xi Jinping, or Xi Jinping's mother, the status of a full leader, right? I mean, they don't want to give her that privilege. And yet, they also do not want to give her anything less that reveals Xi Jinping's loss of control. So, that's why, reportedly, the leadership decided to stay quiet about Qi Xin's death. And if there's a funeral, it's likely to be a low-key private affair. So, now ask yourself, if Xi Jinping were really in control, would his mother's death be treated like this? Absolutely not. So, the fact that it's being handled so discreetly strongly suggests Xi's influence has taken a serious hit. Now, here's what's even more interesting. On June 22, the CCP's top disciplinary body—it's called CCPI, the Central Commission of Discipline Inspection, CCDI, actually—it announced that the former head of China's traditional Chinese medicine administration, his name is Yu Wenming, yeah, Mr. Yu, and this guy is under investigation. And his successor is Yu Yanhong, is a woman. Now, why does that matter? Because both of them, both Yus, reportedly served as Xi Jinping's mother's personal physicians. Of course, she has a team of physicians taking care of her, but these two are the leading ones. Now, if you think about it, the timing is suspicious. Rumors of Xi Jinping's death began circulating just as her physician was detained. So, people are asking, are the two events connected? Possibly. And this isn't the first time we've heard rumors about Xi Jinping's passing. Back in 2022, during the height of the COVID outbreak, word spread online that she had died. But authorities quickly denied it. They issued a vague statement framed as visiting veteran cadres. So basically, local government officials in Guangzhou or Guangdong issued a press statement saying that during the Lunar New Year, they visited some veteran retired leaders, and Xi Jinping's mother's name was on it. And she was last seen in 2023 during the 110th anniversary of Xi Zhongxun's birth. That's her husband, her late husband. So she was 97 then. Oh, so that means she's 98 or 99 now. So if she was 97 in 2023, so that means she's either 98 or 99 now. So she briefly appeared in that documentary. So there's a dark chapter about Xi Jinping and his mother. So let me share with you a picture. Oh, here's Xi Jinping's parents. And here's Xi Jinping and his mother. Let me talk about this story that's well known. Actually, it was told by a close friend of Xi Jinping's father. He wrote a piece in a Hong Kong newspaper. This is years ago, before Hong Kong became what it is now. So his name is Yang Ping. He was a close friend of Xi Jinping's father. He wrote that during the Cultural Revolution, the young Xi Jinping was imprisoned. And one stormy night, he escaped and ran home, hungry and exhausted. When he got home, his mother saw him and asked, why are you back? Or what brought you back? And Xi Jinping replied, I'm hungry. Now, his mother nodded and went out. Xi Jinping thought that she'd gone out to get food for him. But that wasn't the case. She hadn't. Instead, she walked through the rain to report him, to report her own son to the authorities. Why? Well, from her perspective, it's to protect the rest of her family. We don't know why, but I mean, a good explanation is to protect her family. And that's the level of paranoia, fear, and betrayal baked into life under the Chinese Communist Party. And that's the world Xi Jinping came from. It explains who he is today. All right, so that's all for tonight. Before I take any questions, I just want to share with you a comment I received from a fan. Her name is Jane. And after watching my podcast on BYD this Thursday, and she wrote this to me, and I want to share that with you. She said, after watching your podcast on BYD, I have to tell you that being a contract company of General Motors, they don't work any differently than what you are seeing for BYD. We're not only, we not only were lucky to get paid in 90 days, but in the summer months, usually runs 120 days. This holds true for most of the auto companies here in the United States. Also, you have to work to their pricing, not actual. In this, I mean, she said, you cannot charge more than $55 per hour for engineering, even if it costs you more. Now, can you quote a project for what it would be in reality? You have to bid for what they really pay for it. And then she said, when you go for a bid award, which is where they bring in top three contenders for the project, you have to prove why it will cost what you are asking for, with only a 15% profit. So she said, and people wonder why cars are not built the way they used to be, and last as long. And she just gave the explanation. And she said, however, somehow they always seem to make $15 to $30 billion profit every year. All right, I thought that's interesting. So I want to share that with you. That's from Jane. And then Vicky also wrote me a note, a lovely note. She said, she commented on the video I released in Lace Looking Glass. Chris, if you could copy the link in the comments, I'd appreciate that. Your latest video, the video that talks about the 76-year cycle, is highly informative and thought-provoking. Still thinking about your July 2025 prediction, the Thai lady's prediction about July 2025. And she said, talking about fire and water colliding. So I just want to quickly mention that. And that video I think is very interesting for anyone who's fascinated in geopolitics. But somehow it's not getting as many views as it should. Anyways, if you have time, take a look. All right, that's all for tonight. Have I bored people on their Saturday night or Sunday morning? All right, let's see what people have for me. Okay. I want to first thank the people who gave me super stickers. I certainly appreciate that. Let me see. Where are they? I saw some flying by. Okay, here's one. Oh, where did that go? Do you think the Chinese firewall would have been removed eventually anyway, especially after the expected change in leadership? I think not without pressure. I think under pressure it would. So I think it's the right thing for the Trump administration to give pressure to the CCP. I think it will make it happen faster and easier if the United States government gives pressure to the Chinese regime. But automatically, if they just one day decide that they're going to be nice to their people and take down the firewall, I think it's difficult. Without pressure, it's difficult, and it may delay the process. That's my view. Martin Bebo, am I saying it right? This sounds like fantastic news. I agree. I absolutely agree with you. I mean, the more I think about it, Mr. Su just did an eight-minute video. He was very quick. I provided the link to his video. I provided the links to his video, which was only eight minutes long, and also the up media link, the article from Mr. Du. Both are in Chinese, but you can take a look. But when I saw that, I'm like, this is fantastic. But nobody's talking about it. People are just because when Trump did say that a deal is signed, it's going to open up China. Nobody knew what it means until Mr. Su connected the dots. And why it's a secret is because of the status quo of Xi Jinping. The regime's leadership is hanging there. They're trying to figure out what to do with Xi Jinping, so they can't make this announcement. This will be too dramatic. But anyways, black tie. Thank you. Thank you very much. All right. Okay, let's see. Super stickers. I love them. Oh, here's Ying. I'm an American man. I watch the China show to understand what is going on in China. Okay, good. Yeah, there's a show called the China show. Excellent. Driscilla showed, I'm so happy for both China and the US if this trade news and the firewall knockdowns is true. Yeah, let's hope it's true. I mean, it's half confirmed, right? Because Trump said there's a deal done. Nobody knows what the terms are. Okay. Someone said Asian jaywalker. Maybe some comments on massive flooding here in southern China. It's very sad. I was going to do a program on the flooding because there's some good statistics coming out about the dire situation in China in terms of the breakdown of the massive number of dams that they built and lost, and it's causing serious environmental issues. So I think that the massive flooding could be tied to that. I mean, China built so many dams that are not lasting because these infrastructure projects, like I said in my program last weekend, that they're tofu drag, right? They're not standing. So someone commented that there's a dramatic decline in the number of large dams that China has, and that's the problem. You built so much and then they don't stand, and now you lose them, and it's causing serious flooding problems. So I was going to talk about that, but then this piqued my interest more. Anyway, someone asked me, when did Xi Jinping's mother supposedly die? There was no mention. Nobody knows when. Some say that it could have been a while. By that, it's maybe a couple of weeks at the most. It's not like a couple of days ago. I think it ranges from a couple of days to a couple of weeks. Yeah, that's what I heard. Okay. Thank you. Here's a question from... Oh, okay. I answered that question. Same question. John John asks, what will world trade look like if China and the US work together? I haven't even given it much thought because that picture of China and the US working together has not been feasible in my mind until tonight. But even though it's still premature to say that's going to be the picture going forward, we still need some time. I mean, they still need time to, I think, to see it being followed through. So that's a good question. What would the world trade look like? That's a good question. I need some time to think about it because I have not. I have not prepared myself for that. Okay. All right. Let's see. Question from... I'm just picking some random question. Okay. Here's one from Jay Litka. Did you happen to watch the BYD report by China Observer? No, I have not. Is there anything I should watch? Okay. I know there are a lot of reports. There are a lot of social media reports from China showing their BYD not getting service, probably because of the cost-cutting initiative by the manufacturer and the dealer, and also because of the poor quality. And there's a long wait to get your car serviced. Okay. Let's see. Here's from John Famlor. Aren't you actually saying it's very likely any US-China secret agreement will lead to anything either country, too much internal resistance, both countries? I've seen resistance coming from China, but why would there be internal resistance coming from the United States? Because if it's true, then it would help the US businesses tremendously. So why would there be internal resistance on the US side? I don't see that. The people who will benefit the most are the Chinese people. And indirectly, the Chinese people will benefit, and that will also benefit the Americans over the long term, because that will transform China fundamentally so that there will be less threat on the long term. All right. Jim, how will this affect the potential for invasion of Taiwan or Manchuria? I do not think if Xi Jinping steps down that the risk of a war is still high, but not until that happens. It's still possible because he may use the war as his last-ditch effort to stay in power. But if he steps down, then I do not think. I think whoever replaces him, the first priority is not war. The first priority is to fix the economy. Otherwise, they will just fall down like Xi Jinping. If they start a war, they will just go down. They'll be overthrown overnight, probably even faster than Xi Jinping. All right, let's see. Dracilla, Trump said this was going to be a golden era. I think Trump has changed the US and the world for the better. Well, let's see. Let's see what happens. I think in the next couple of months will be eventful. A lot will happen. Okay, here's a question from Moon Walker. China has never honored any international agreement. They may agree to buy time, perhaps waiting for Trump to leave office, but they will ultimately betray any agreement. True, very true. But I think they know that Trump is not going to tolerate them. They don't have a lot of time to play with Trump. Actually, the White House actually confirmed this deal. The way the agreement was described, it was more of an execution plan than an agreement. I think Trump's team will be all over the Chinese to make sure that they follow through. I think it was a list of things to do, and probably with target deadlines. They'll be all over the Chinese to make sure that they fulfill every one of those to-do lists. Otherwise, the tariff will go through the roof. I think it's more of an execution plan that the US expects from the Chinese. The fact that it's a secret plan makes me think that the Chinese is serious. They are serious about it. I thought about that too. The same question that you have. Oh, here's one from Venkat. Why is China blocking specialty fertilizers to India? I think China is very jealous of the fact that India is taking over. First of all, China-India relations have never been friendly, and then now India is replacing China as a major manufacturing base in Asia. Maybe just as a revenge. There's no rhyme and reason why they do that. A lot of things the CCP does has no rhyme and reason. Texas Panda, a great presentation as always. Giovanni. The reality is China is copying the American blueprint on how they became the economic superpower, and they plan on becoming number one. They cannot. There's no way it can become number one under the CCP. Tony Pham. Well, thank you, Tony, with the super sticker. Have I thanked everyone who gave me super stickers? Oh, here's one. Donald Wong. Well, thank you, Donald. Let me see. Driscilla again. What do you say to Americans who call Trump a dictator? Well, what is a dictator? I mean, there's a difference between a dictator and a strong person, right? I mean, for us Chinese who have lived under dictatorship, we know what a dictator is. I mean, you can't even compare. The fact that he could be voted out of office, the fact that he held debates with his political opponents, two of them during the presidential elections, tells me he cannot be a dictator. Because if you're a dictator, you will not debate with your political opponents. You will not. So, I mean, we know what dictators are. And I think Trump has just been very straightforward. And he speaks exactly on his mind. He's not a polished politician who knows how to sway public opinion. But then that's precisely why people don't like those politicians, because we have so many politicians who say the right things but never don't deliver. So people feel like it's time that we have someone who says what they mean and delivers what they promise. So if I had not lived in China, this is my honest opinion, if I had not lived in China, if I was born here and grew up here, I probably would agree with many Americans. I probably would agree with many Americans that Trump is a dictator. But having lived in China and know what a dictator is and what he's capable of doing, I think they're not even close. So trust me, that's my answer to your question. Because I have family members who are second generation Chinese who were born here, and that's the view they have, they hold. And they also, I mean, they're Chinese Americans and Chinese Canadians. They do not like the fact that I'm critical of the CCP. They think it's not nice to criticize the country that you're from. But they don't differentiate between China and the CCP. They're not the same thing. I criticize the CCP, but I love China. I love the Chinese people. So I see that in them, and I understand how they've been influenced. And they don't really understand what dictatorship really means. So that's why I said I could have been holding that view too if I was born here. All right. Okay. That's all. I reached the bottom. Let me take one more question if there's any. I think that's the end. All right. We'll end it here. How's that? Everyone enjoy your weekend. And I'll see you next week. All right. Maybe I'll talk about the flood next week because there are numbers coming out. All right. Thank you. Bye-bye.