 Matt, many friends here, distinguished guests, ladies and gentlemen, I'm always happy to come to Washington. To be honest, always intimidated as the day began. Normally, I would prepare very thoroughly on everything that will be raised on every issue I would want to cover, on the messages I want to bring to Washington. And very often on a whole subject, the issue from A to Z, what I need to bring out. When I got here, the first thing I would learn is that what you want to talk about, nobody is interested here. Washington has its own ways, has its own agenda, has its own momentum about issues. And so you have to know how when you come to Washington and get on with the things you want to get out. And it is really a tremendously intellectually stimulating experience to be in Washington. Because eventually at the end of the day, you want to get through what you want to tell people. And it's a lot of hard work, my friends. But I always went away enriched. And the reason why is that you're willing to engage, you're willing to listen, you're eventually willing to listen. And I would go away wiser. And I hope having listened to me, you would think this is worthwhile. But today I came not with just by myself, I came with a team of experts, team of experts who actually know this subject a lot better than I do. So I hope you will enjoy listening to them, talking to them, asking questions, have communication. And I hope we all go away wealthier in terms of knowing how important US-China relationship has become and how important this economic relationship between the two countries is and how much it not only can help to create economic vigor, economic opportunity, but also create millions and jobs for both countries. But more than that, such an economic relationship can really help US-China to move ahead on the overall relationship of these two countries. The United States and China are two very different countries with different histories and cultures. They are also at different stages of development, one being the largest development nation and the other being the largest developing nation in the world, each of substantial economic size and therefore each contribute to global economic activities in different ways. Working together, we can do more in such areas as global economic recovery and financial stability. Furthermore, US and China are the two largest trading nations in the world. Working together, we can help to further liberalize trade of goods and services around the world. The fact is whether it is in energy, security, food safe, sufficiency, protection of the environment, climate change, and nuclear weapon proliferation, fighting terrorism, preventing epidemics or drug trafficking. All of these and other transnational challenges that the world faces today require multilateral efforts. But if US and China work together on any of these issues, the chances of success will be enhanced. It is for all the above reasons that from a global perspective, US-China relationship is the most important international relationship today. From a bilateral perspective, the economic relationship between the United States and China has developed over the past few decades from virtually non-existent. Henry Kissinger was saying to me yesterday when they met early in 1971 in Beijing, the size of trade between China and the United States is smaller than the size of trade between the United States and El Salvador. That was the economic relationship at that time. But now, after a few decades, this relationship has developed from virtually non-existent to becoming a highly interdependent and mutually beneficial one. As the two largest trading nations in the world, they are also each other's second largest trading partners. A vast volume of trade in goods, integrated supply chain, a growing volume of trading services, substantial direct American investment in China, and even larger Chinese investment in US Treasury securities speak to the importance of the relationship. On balance, the relationship is of tremendous mutual benefit. But the question we want to ask today is, where is this economic relationship going in the future? To answer this question, the China United States Exchange Foundation engaged a group of eminent scholars with advice from academics, business, political leaders from both countries to undertake a study to examine the economic relationship. The study viewed the past, reviewed the past, examined the difficulties in the economic relationship that could impede increasing commerce between them, but most importantly, look into the future. The study concluded, and you will hear many of this being presented to you. But it concluded that, here I quote, both countries want to establish a pattern of secure, high quality, sustainable growth and employment for their people. And this study demonstrates that bilateral relationship, build and adapt it over time, can make a material contribution to that shared goal. And there are many examples how US and China can cooperate with each other. But this is not my role to talk about it at this moment. What I do want to say to you is that you will enjoy listening to the presentation that is going to be made to you. I want you to really think about this. I hope we can at least give you some food for thought as to how important this economic relationship is. And also, I want you to, hopefully, to think in terms of not only the economic opportunities and the job creation that can come about because of a better relationship economically, but how this better economic relationship can make a real difference to the overall relationship of the two countries. Because that is really important, as Matt said early on. That relationship is really the most important relationship on Earth. So if on a multilateral basis, there is a reason for us to be together. On a bilateral basis, there is a reason for us to be together. Then there is no reason why we cannot get on with it. And I look forward to be sitting down there, listening to everybody, hearing your questions. And I'm sure after lunch this afternoon, I will go away a wiser person and come back again to Washington with renewed energy to bang my head and get things happened. Thank you very much.