RATHNINDE: Johnson Controls supports China's sustainable and smart city development through customized energy-saving and digital-enabled solutions. We welcome policies for promoting collaborations to boost new quality productive forces, advanced manufacturing, technological innovation and industrial transformation between foreign companies and the local market. As China is in a critical transition period in closing the 14th Five-Year Plan and entering the 15th Five-Year Plan, we look forward to growing our business even further. We have been continuously strengthening our industrial innovation capabilities. Through cooperation with our local partners, we have enabled the upgrade of the industrial chain and further accumulated industrial innovation resources. During our 30 years of operating in the Chinese mainland, we have seen growth and opportunity supported by policies on economic reform and opening-up of local markets.

　　XIE: This year's two sessions are particularly significant as it marks the final year of the 14th Five-Year Plan period. We anticipate the two sessions will emphasize policies to stabilize the economy, boost domestic consumption and address structural challenges. Accelerating major infrastructure projects will likely be a priority, which will drive demand for steel and its raw materials. We also expect further discussions on green and low carbon development and to identify potential opportunities for collaboration. Committed to unswervingly promoting high-standard opening-up, China has been continuously improving its business environment for foreign investors. We have consistently experienced the support of the Chinese government toward foreign-invested enterprises, who has truly put into practice the principle of “being responsive to requests“.