XIE: We see important opportunities as China continues to pursue high-quality development, which features green as the background color. We expect that China will increase steel usage in its construction and invest in renewable energy sectors, which will bring new demand for steel and iron ore. Based on our confidence in the Chinese economy and long-term commitment to the China market, we have been actively engaging in discussions with potential Chinese partners to jointly develop and help reduce or even eliminate carbon emissions across the steelmaking chain. For over half a century, Vale has been a trusted partner and reliable raw material supplier to China. We remain committed to providing high-quality mineral products and innovative low-carbon solutions, continuously supporting China's pursuit of high-quality development.

　　XU: China is pursuing high-quality development in its aviation industry and Airbus is determined to be part of it. We are continuously investing and expanding our industrial footprint in this country. For example, the construction of the second A320 family final assembly line in Airbus Tianjin is well underway, and the facility is expected to start operations in the beginning of 2026. Moreover, China's supply chain has shown great resilience while its talent team and product quality are also very competitive. Airbus focuses on deepening and expanding its supply chain in China with the “local for local“ strategy, in collaboration with both State-owned and private enterprises. We are committed to becoming a model of cooperation in the high-tech aerospace industry between China and Europe.