 But let's move to Masuda-san from the Japanese perspective. Thank you very much. I just follow on what Olivier Pell said, but I don't follow my text prepared because almost good things have been consumed by this time. Just how I see the tension between China and the United States from Japanese iron and, at the same time, a historian since the Roman Empire. So I see, put it on long perspective. This is my feeling. As I made an intervention yesterday in 1980-50, the 50% or more of world GDP was produced by just two countries, that is India and China. And if history may repeat itself, the rise of China is inevitable. My feeling is that probably the US people, top people with sensitivity have realized the creeping shadow of China, which is accelerating speed and they have an easy feeling. I don't say fear, but they could be overtaken by China, inevitably. So before China rise to much bigger than the United States, unable to even touch finger on that, they like everything to slow down or deter the cause of Chinese growth. This is a very basic sentiment of the US, which is not only the product for Donald Trump. In energy scene, a lot of things have been ongoing and China may have no problem in securing fossil fuel energy, as will be appearsed. Already China has taken initiative to increase import from Qatar of energy and also recently China agreed to make an agreement with the total to increase its procurement total from 1 million tons per year to 1.5 million. And oil scene, China was the largest import of US oil in May this year, but proportion percentage in Chinese import is not so big and they have no problem in that. But as for coal, there is a problem. Yes, China is the best student in dealing with coal. At least I'll wait for the last few years, but what is doing in the name of one belt, one road is China's intensively exporting its coal-fired plants technology to one belt, one road countries. There is interesting data. Today about 130 coal-fired plants are built under the Chinese initiative in those countries and new coal-fired plants, not necessarily using the state-of-art clean coal technology. And if you look back from 2000 to 2016, China led construction of roughly 240 coal-fired power plants project in those areas as well. So China is making home green and exporting black things abroad. This is what's happening. And but in climate policy perspective, China is consulting the leading position in both the deployment of renewable energy and establishment of the world's largest carbon market. Instantly, a friend of mine, academic in China, is designing this largest carbon market which seems to be working well because of the size involved. So China would be the leader in those two areas. And one of the reasons why China is so successful in renewable energy is not just because of government drive to clean the economy. It's coming from, like in the United States, sheer competition among many participants. For example, in clinic company China was roughly 2,700 in 2005. Now in 2015, 10 years later, the number increased over 50,000. And today that number is bigger. They are competing very fiercely with each other because of the size of the market again and support, plus government support, that naturally led China to be the leader in those areas. China has a clear advantage in technological development. Number one, because of firewall around it. Number two, when Western companies come to China, China wants them to bring the state of art technologies and ask them to review all secret and softwares and hardware they own. So this is one of the reasons why China is so fast in developing batteries. I went to China last year and met several PhDs who are working on batteries. And they are so proud to say, they said honestly, well, well behind American, Japan and Korean terms of batteries. But we have a fleet of 300 PhDs owning your own battery. And in a matter of few years from now, we're going to be the champion in terms of technology, in terms of size of the deployment into the market. In terms of vehicles, yes, China is a champion. For example, in 2017, there was about global one million new EVs has been deployed to the market in the world and more than 50% only in China. And if you talk about global EV stocks, 40% of global stocks are now in China. And in terms of other technologies, China is a champion already artificial intelligence for various reasons. But one of the scariest stories just aside from climate and energy issues is China is using this for social surveillance using those AI. And they are quietly exporting this technology to some autocratic countries like some big country in desert. Just a few footnotes on EV. I'm just quite, you know, stimulated by discussion we had about solar panel. Yes, solar panel energy is good. Solar energy is good. Photography could be champion in coming years, but we are forgetting one side, negative side of the planet's massive amount of solar panels. How much energy do you think we need? How much environmental externalities coming from purifying and crystallizing silicones? And that number question and solar panel have a lifetime of roughly 20 years after 20 years. But they do if they dump them as industrial waste, it cause another serious environmental pollution all over the world. If they completely recycle, use solar panel, it's a massive cost involved. With many countries, the countries they are there to bear the cost. It's already a big problem for Japan and Germany and most importantly China and in many other countries who are now rapidly deploying solar panels. So we shouldn't forget this downside, although it's good for climate purposes. If we pollute the entire planet, we are going against the big common good of the human race. Lastly about EV. Because my company is supplying critical parts for EV, let me allow me to say something about EV. EV is pretty good, but as Professor Cooper said, it takes such a long time to replace all these existing fleet of combustion engines. But there is a light at the end of the tunnel. If you remember a wonderful marriage of Prince Henry of the UK, he drove blue jogger out of the castle. It was converted to EV. Conversion of EV is one brilliant idea of increasing EV fleet on the planet. Converting old car is life cycle cost of making EVs far less because already it's used. And more battery provided at cheaper cost and better motor will make conversion of EV a big industry. And I like, I'm dreaming of a world where newly product EV is competing with lovely second hand EV. That's going to actually the deployment of EV. So I like the end of my story's bright future. Thank you. Thank you very much. By the way, you talk about China and coal. What is the Japanese policy about coal? Still, Japan is building the new coal power plant and even try to export the efficient coal plant. What do you think Japanese policy on coal? I'm a Japanese. I'm brought up in Meti, but I'm pretending to be a foreigner. And I do not believe the policy held by Japanese utility companies and the government about coal fire power plant is not something recommended. Japan is still constructing roughly 40 coal fire power plants and Japanese banks are very hesitant to stop providing loans to those facilities. So in a way, Japan is 10 years behind than average Western countries in terms of climate change. I don't like to criticize good engineers and having said about clinical technologies, but maybe it's time for Japan to depart from the old legacy of those technologies and maybe should fly high with some lighter technologies. That's my comment. Thank you. Thank you very much. I cannot agree more and that's a reason why I asked the question to Carlos Ghosn or Toyota or whoever say that these renewable energy 100 companies will probably kick coal power plant out of anywhere. That is probably would happen.