In his keynote speech, President Xi has called on all countries to commit to mutual opening-up that features shared benefits, shared responsibilities and shared governance. CIIE is an important measure of the Chinese government to firmly support trade liberalization and economic globalization, proactively taking initiative to open up its market to the world. This event provides a platform for open dialogue on international economic and trade cooperation, and we believe it will generate momentum that can facilitate recovery of the world economy.

As a foreign company with roots in China for almost 50 years, LDC has enjoyed the profound benefits brought on by the steadfast expansion of all-round opening up. With the trend of deepening trade and investment liberalization in China, we are currently enjoying the same rights and interests as domestic companies, which further enhance our confidence and determination to continually invest in the Chinese market. We look forward to carrying on and working alongside the country to satisfy the evolving needs of Chinese consumers.

China has recovered from the pandemic in an exceptional manner. The steady recovery of China's economy combined with the rapid growth of China's consumer market have shown the world the resounding resilience and bright prospects of China's economy, further strengthening our confidence in tackling the uncertainties of the global economy. We firmly believe that China, as the world's second-largest economy, will surely play a crucial role as the engine of widespread global economic recovery and growth.

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