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On March 5th, Mr. Li Jiange Vice President of DRC, met with the delegation of the Board of Directors of Pacific Horizon Investment Trust PLC, an affiliate to Baillie Gifford Fund Management Company. The five-member delegation was headed by Mr. Peter Mackay, Chairman of Board of Pacific Horizon Investment Trust PLC. Mr. Li Jiange answered guests’ questions on economic impact of demographic changes in China, current situation of macro-economy, foreign trade, foreign exchange management, environmental protection, etc. Mr. Lan Weiban, Deputy Director General and Mr. Zhang Hongfei, Program Officer of International Cooperation Department of DRC were present at the meeting.