 I think it's a wonderful conference which has been organized well. I attended the conference for five or four times. I really enjoyed it very much and learned lots, seeing my old friend and new friend around. I understand that the strategy Trump is using to deal with China, he wants to use the tariff as a weapon to force China to adopt what he wants. I guess probably two or three days they have some tentative agreements we call mini deal on the trade between the US and China. You may have heard yesterday that some panelists have already described that the deal is not very significant or someone even claims no deal deal. But from my perspective I still think it's maybe a small step towards a good direction but at least both sides show their willingness to be compromised to reach good agreement. I think that will be beneficial not only to both China and the US, also will both the rest of the world because these two countries occupy 40% of GDP of the world. So if they have agreements I think it will be good news for all of us. So tomorrow I will describe the deal in detail to describe why both sides want to have these kind of mini-agreements. I guess so far the agreement is not written in the paper, they just agreement verbally. I guess it's very likely that the first phase of agreement can be in the written paper. In two or three weeks I guess very likely President Donald Trump and President Xi will sign agreement on the AIPAC meeting in the later of November. That's the first phase of agreement. The second scenario so far is unclear whether they can successfully finish the second or third phase of agreement. It's a tough question for both sides. Also they have two possibilities. Yes, they will successfully finish all of the agreements. That's good. Another possibility maybe some ways they still couldn't reach the agreement. That's bad news. I don't want to totally exclude the possibility. Still possible. China have a willingness to do some compromising to have a trade agreement with the US in order to keep a good relation with US. I guess that's one of the major objective for Chinese government. But it is unclear whether both sides can agree some conditions. From US side I don't know what's the final goal they want China to do. Also it's unclear what kind of compromise China will make. Of course as Kevin Rudy said during the lunch, Chinese definitely want to keep coming party in power. If they feel that's priority be threatened, of course they wouldn't go further.