A1 ABB has taken part in the CIIE for five consecutive years since its first edition in 2018. As a major global trade fair promoting globalization and openness, the CIIE is an important forum for ABB to share our latest leading digital technologies and work together with our customers and partners for high-quality development and a more sustainable future.

We are delighted to join the fifth CIIE with the theme of "Partner of Choice for Sustainable Development". ABB showcases more than 40 innovative products and digital solutions in smart energy, smart industry, smart city and green transportation, promoting energy efficiency and supporting China's sustainability and high-quality development.

A2 Against the backdrop of the COVID-19 challenges, more than 280 Fortune Global 500 and industry-leading enterprises participate in the event, showing their trust in the cooperation platform of the CIIE and confidence in the long-term prospects of the Chinese market. I believe this year's CIIE will continue to play a significant role in accelerating the recovery of global economy and contributing to an open world economy.

A3 The Chinese economy has shown its strength and resilience amid multiple challenges. Its steady growth has made a sustained contribution to the global economy. China remains an important stabilizer and driving force for world economic recovery.

China also remains a hot investment destination. We noticed that foreign direct investment into the Chinese mainland expanded 15.6 percent year-on-year in the first nine months. Specifically, FDI in high-tech manufacturing rose 48.6 percent. This is not only a reflection of China's efforts to optimize its business environment, but also a confirmation of the country's innovation-driven growth in the pursuit of high-quality development.

A4 China's digital upgrade and green transition bring us more opportunities. We have witnessed remarkable economic progress in innovation and digital transformation in China over the past decades. We greatly appreciate China's pursuit of high-quality development, its focus on strengthening the foundation for the real economy and its commitment to peaking carbon emissions by 2030 and achieving carbon neutrality by 2060.

A5 We welcome China's continuous efforts toward opening-up and reform. Both digital transformation and sustainable development require cross-border cooperation. ABB is committed to driving industrial transformation and enabling sustainable development through wider collaboration with all our stakeholders. This is also why we have actively taken part in the CIIE event for five consecutive years.