Government spending is targeting sectors that advantage SOEs, so there's less insulating, less boosting to the private sector in the face of what are pretty stiff shocks. Tim Condon More Quotes by Tim Condon More Quotes From Tim Condon Uncertainty about China growth is now the main swing factor in markets, today's data reinforced the doubts about global growth. Tim Condon company-news This slide was too pronounced. Nothing has been that bad in the world. Tim Condon technology What we see is that exports - by destination, U.S., by product, electronics - are holding up well in Taiwan, but this is a micro-theme. Tim Condon technology We're ready for an RRR cut at any point. We think there will be 100 basis points of cuts over the next couple of quarters. Tim Condon business