“we sort of assumed that it was going to be kind of $150 million of impact over three years really starting this year as we ramp up.”

In context

“point for China for -- as we think about 2025, just given the uncertainties here in the market and the backdrop of the stimulus? And also wondering if you can elaborate a bit on the China value-based pricing, how much of an impact are you baking there? And just lastly on China, how much is local bioprocess competition important in this market? And does that change your view for the long term growth of the worldwide bioprocess or biotech segment long term growth, just now that local competition has emerged and is being utilized more in some of those local maps? Matt McGrew: Yeah, maybe I'll start, because I think your first question and your third question sort of wrapped around China for next year, and bioprocessing, maybe I'll let Rainer take that. But just VBP, just to remind everybody, we sort of assumed that it was going to be kind of $150 million of impact over three years really starting this year as we ramp up. Our assumptions initially were sort of that, that would be linear over the next three years. We are starting to see a little bit more activity in China around VBP here at the end of this year. So I think we'll have a better sense of what that linearity looks like after we get through next couple of months, where it does look like the activity is sort of ramping up. So I still think the number is a good number. But how that rolls out and plays out will sort of be determined in the next couple of weeks. Rainer Blair: As it relates to the JOP, Puneet, really, I think we need to view China as stable and sort of bumping along the bottom. And we don't expect a change in that in the short term as we go through and think about 2025 unless we see a material change in the execution and rollout of t”