 Well, Assistant Secretary Danny Russell, welcome Sydney, welcome to the Lowy Institute, you're very welcome here. I wanted to begin by asking you about the status of the rebalance and President Obama himself gave a speech to the UN General Assembly last year in which he suggested that the focus of American diplomacy in his second term would be on the Middle East. So can you tell us briefly what you think the status of the rebalance is and how robust this policy is? Well, the rebalance to Asia, which is the President's policy, is alive and well. But in the second term, the Obama administration has redoubled our efforts to diversify and expand our engagement beyond the security realm, although security is hugely important, to include the very active negotiations in TPP, a heavy effort on trade and commercial promotion. And in 2014 alone, President Obama plans to visit Asia twice. A week or so ago, Australians woked to the news that three very modern PLA Navy warships had conducted a small exercise between Christmas Island and Indonesia. Unprecedented for Australia for such an unannounced exercise to be conducted so close to our areas of interest. A quick reaction from you on that event. It's not about right, it's about intent. And this incident points to the inability thus far of the Chinese to be transparent about their military programs and their intentions. We are not in the business of containing China. We're not in the business of vilifying China. But we're not in the business of appeasing China either or conceding spheres of influence or remaining silent in the face of troublesome behavior. In the South China Sea, in the East China Sea, we see a pattern of behavior that gives pause to China's neighbors and to the United States given our stake in this region. The onus is on China to take not just the right to express its views and influence the rules, but to accept the responsibility to adhere to them. Danny Russell, thank you for your time.