 Thank you very much. It's great privilege to be with you a great privilege to be the the last speaker and a great Privilege to be the only European speaking about all these issues and I would be very happy to share with you some personal thoughts about the lessons we can draw from the last Congress of the Chinese Communist Party because Coming from a European point of view. It's very interesting to see how The Chinese authorities as you were describing The Chinese authorities gave a sort of framework About what they want for China for these next three decades two objectives the first one is to say China is going to be the first power in the world within 2050 and second We are going to bring you to a framework of what can be the strategic relations with the Non-American world and this is very interesting because The Chinese authorities and the president Xi Jinping gave for that a very brilliant idea Which is this famous silk road. We like the word in in French one belt one route It's it's very very scary It's a sort of new Marshall plan for the 21st century and I think we all of us should Make a great focus on this project Because when you have a look to it It's unstoppable First of all because there is one criterion that makes sure that this is going to be successful It's a total alignment of interest between all the shareholders And I was listening to what Mr. Cooper was saying about the difficulties that The American policy has to be on the table because of what happened since one year According to me There is a very interesting contrast between what's going on in the United States and the fact at the same time the Chinese authority Authorities are bringing on the table a real new deal for all of us I say for all of us because when you have a look to the the layout of This project it includes China of course, but also the other Asian countries Which are very happy to be included in something we bring that would bring growth economic growth and development It includes the Arab countries who have the opportunities to diversify Their own oil supplies and their investment for the funds and of course Europe Which is at this same time launching very important structural reforms in Germany Spain, Italy, Northern Europe and France since six months So we can imagine that there is a real very interesting new deal for all of us and what is very original and It's a con in contrast with the old silk road of the year 2000 year old secret there is also and this is very interesting a seaway Coming from the Chinese ports Then Indonesia Singapore The Swiss canal after the Red Sea the Swiss canal the Mediterranean sea and the two roads are going through Venice Which is as everybody knows here the city of lovers And it's a way for us to remember that inside of this plan. There is trade economic development and growth and there is also a very important cultural Dimension that brings all of us three billion citizens inside of this perimeter That are now driven to say we can share culture education science Technology, I mean, it's a real new deal for all of us and coming from a Chinese point of view I can imagine this is of course very interesting But it's very interesting as well for a European point of view We are now looking how to be more useful As you know in Europe we have some problems to have a common defense policy to have a diplomatic policy which can be Accessible for everybody we have the opportunity to do it now because again the alignment of interest against terrorism against drug traffic against The way we have to bring peace or stability in many areas in the world North Korea, of course But also in the Middle East Brings us to work all together and there is no better way to work all together than with economy and trade But of course there is always a downside We have also to put on the table The hurdles we have to tackle the impediments Many of them we have them in mind of course just three examples First the overheat of the Chinese economy, which is not a small problem. It's a major problem for all of us when a country like China Reach reaches something like 250 percent of debt out of the GDP. It's a global problem It's not only a Chinese problem The second impediment is the question of environment We know that everybody I Mean in China in Asia globally in Europe We really want to see how we can be more efficient to preserve Sustainable development and of course I like everybody regret the position of the President Trump, but As a matter of fact what's going on in China today is Worrying for all of us on environmental questions And I think we have to keep that in mind and the third impediment, which is probably the most difficult is the question of protectionism In my opinion we cannot imagine the success of this project Silk Road if we are doing that we if we don't keep in mind the question of reciprocity We have to take that into account if the trade is not fair between China and Europe We will not be able to be successful We have lots of incidents between us the question of ports of companies that are not taking taken over because Diplomatic problems the question of solar panels even that I really think that the question of reciprocity on trade rules are today the main priority and then I will conclude just in one word About one thing which is according to me very important this project This project is a great ambition for all of us But it's also a way for us to put on the table three drivers Which are three drivers very important for all of us the first one is education and culture We do have a fantastic opportunity to know more about each other personally advocate for develop in France the teaching of Chinese language To see how our children for the next generation will be able to know more about this culture Which is no and we have to be prepared to it when we are European citizens Will be the first country in the world within two within three decades The second driver is technology artificial intelligence blood blockchain Big data. We are all concerned. We have many things to chairs We all know that on all these questions We have engineers Scientists and of course even if we are a bit late in Europe we are now very determined in the way we can improve and spend much more Credits on public research and private research in order to be on the good level on the good scale on this question and the third one last one is the diplomacy as I told you previously we have common interest because we have common enemies and I think that a good diplomacy is a Diplomacy where we could put in the table Common values, but also common interest our cultural models are very far on many questions. So We won't be able to solve all the questions. There are too many differences Human rights, Tibet, Taiwan, we know all about that, but there are common interests again What's going on with theories with drug trafficking with all the questions? We have to tackle we have common interest and this can bring us to a new diplomacy So I think that the European Union today is ready provided its own capacity to continue and intensify the structural reforms to be on the good level To be one of the major partner for China and Asia so this is a great opportunity and Waiting for our American friends to be on the top on this question as well after many maybe waiting some years We have the time to do it on our own term. Thank you