 So with view to the title of the event, I will begin with China's security policy and phone policy, but I will also briefly say one or two words on China's domestic situation because it does have an influence. So as much as we have been seeing so far, China seems to be pushing limits and trying to set new borders very, very slightly and very, very slowly. China's phone policy has shifted from creating a peaceful surrounding to a more active and maybe you can say also more risk-friendly phone policy and security policy. So in the last years, as probably you will all know, and you have seen tensions increased with Japan over the Senkaku or Diaoyu Islands in the East China Sea with the Philippines over Scarborough Shoal in the South China Sea and recently a Chinese state owned oil company moved an oil rig to a site in the South China Sea between Vietnam and the Paracel Islands and this is where also Chinese and Vietnamese ships clashed. In February, for example, we also saw a Chinese naval drill that came as close to Australia as never before. Last October, Chinese ships converged in the Western Pacific to show they can breach the so-called first island chain. So as I said, we see movements, we see testing limits, probably even moving limits, moving borders, more activities, probably more risk-friendly and today you could maybe almost say that China mirrors a little bit Russia's role in Europe, not to that extent, but in some ways both are changing the landscape in their regional spheres. So this changing landscape we see in Asia, especially in terms of defense and military build-up. China's military budget is expected to be as much as US$200 billion this year, which is far away from the US defense military budget. Last year that was around US$700 billion. But the US is cutting spending while China is increasing. So the military budget grew around 10% each year, now it was even announced to grow 12.2%. This is in many ways a very natural step for a growing country, for a developing country, and for a country that is trying to develop a blue-water navy. But it reflects the growing power rivalry in Asia. India's defense spending is rising as well, so is the one of South Korea. And even Japan is redefining at least its defense stance. India moved to take ties with South Korea and Japan to a new height in 2013. In North Korea we don't know really, I mean we keep on guessing the next moves of Kim Young-un, but he seems to be unpredictable and therefore probably also more dangerous. Looking away from East Asia and just a look to South Asia, we still have nuclear powers such as India and Pakistan facing each other. So this is not a really changing landscape, but it adds to the risks and tensions in Asia as a whole. Meanwhile we are all asking if the US are decreasing engagement worldwide, so also in Asia. So as much as we can see so far, no actor wants a war, except it can't be prevented probably. I think even for North Korea we can say this, but coincidences and accidents can happen. I don't think that any actor in Asia is striving for war or planning a war. Also China does not strive for war, but it could take the chance if it seems necessary. There are a few scenarios I think we could all imagine how military conflict could escalate or be triggered, as mentioned, with view to Senka Kodawi Island, with view to North Korea and Kim Young-un and his next steps or there could be a scenario where China declares a new air defense zone for the South China Sea. This would be a direct challenge to Europe also. So what about Europe? What do we think and what do we say and do we think anything? I think the first step for Europeans would be to actually gain more understanding and knowledge of the region, and I mean not only China or those who are important to us, but I mean Asia as a whole, which is a huge challenge of course. But it would be the first step in order to be able to debate crisis prevention, etc. Yes, we should ask ourselves how we respond in case of a crisis in Asia. I think from a crisis in Asia, Europe would suffer especially of course our trade and economy, and even if Europe can rely on the US and as a security guarantor, it still might not prevent conflicts, so we should deal with this. So a crisis in Asia or in East Asia doesn't seem to be China's dream either. Not yet at least. China's dream is economy, economic stability. Security for the country, prosperity, etc. And then it's to quote, she regaining China's status in the world. And that also sounds better than it might be. And probably just sounds good to the Chinese nationals. So from that we can see that domestic interests are very strong, and actually they are probably the strongest in all of this. And stronger than foreign policy or security policy. So for many things that have been said by Xi Jinping in regard to foreign and security policy actually is worth it because he wanted to prove that he's fighting for China and he wanted not to prove it to the US or to the Germans but to his own people. So domestic challenges are crucial right now in China as well. We see a probably declining economy. We are already starting to think about is there going to be an economy and financial crisis in China? What does it mean then for us for Europe? But what does it mean for China first of all? How can China maintain stability in growth? And how can the Chinese leadership keep Chinese people happy? To put it very simple. I think of hundreds of millions of migrant workers becoming unemployed or think about Tiananmen scenario in Xinjiang. Therefore Xi Jinping from the beginning has been accumulating power like no other leader after Mao Zedong. And he has gained also more control than any other leader after Mao Zedong. So Beijing sees the need to strengthen the party's position domestically but I think you can say the more unstable the domestic situation appears the more Beijing will try to show strength to the outside. Strengthened nationalism for example. Disattract probably from domestic problems, raise nationalism and so on and so forth. So therefore I think the title is right somehow China's dream could be then Asia's nightmare because the more he sees the need to domestically strengthen the country the more he might provoke or be active on the outside. So actually this is also something that relies to us gaining knowledge and understanding which is to monitor China and also to talk to China about domestic challenges. I mean there are things that we experienced before and we have survived and maybe a small financial economy crisis in China might not be as bad actually as we think. So this is something I think we should also discuss with China itself and our Chinese counterparts. So the final thoughts on Europe and Asia. We must talk to China, we must talk to China's neighbors especially the ones that are closest to us which are the democracies so India and Japan for example. We have frameworks and we have instruments. We have soft instruments, we have corporations. We have to talk always to the US of course but we also should separately talk about this without the US and there has been suggestions which I also encourage about a European Asia partnership for example. I mean we should think more beyond out of the box. On security Europe has no hard power instrument, we know this, we always emphasize, we have only soft power, we have no hard power but we play a role and this role we should also consider which is our own arms sale. I'm a German, I know how much arms we sell and I don't like it. So also this is something we should rethink and reframe maybe. So all in all actually what the conclusion is is that Europe needs a new framework in Asia, a true Asia policy, a true Asia strategy. Surely Europe makes efforts to pursue a joint policy in Asia but these efforts mainly concern the major trading partners in Asia, China and to a lesser degree traditional partners such as Japan or the ASEAN countries. The EU has already recognized these deficits and therefore it also tries to deepen the strategic partnership with India for example and has concluded free trade agreements with South Korea and Southeast Asian countries. And also the EU is right now in the process of negotiating an FDA with Japan even. At the same time there are bilateral ties between European countries and Asian countries which often compete with EU efforts especially in the case of member states that have traditional strong ties to various partners in Asia. Again I talk as a German I know. At the same time considering all these volatile problems that I've mentioned before and we find in the region I think no one would disagree that a more coherent strategy or more coherent European strategy in Asia would be an advantage for Europe. So thank you.