 Well, we've heard, including in Thierry's opening remarks, that one of the characteristics of the current international economic scene and political scene more generally is what some have called, including Thierry, developing Cold War between the United States and China. So I suppose it makes sense for us to ask you how that looks from Beijing or Shanghai in your case. I guess everyone agree now is the critical time of defining the future direction of the world economy in the next five years. In this regard, China can continue to make a contribution in following three aspects. First of all, China should keep steady economic growth. In past several years, the China make a contribution of 30% of GDP growth to global GDP growth. I clearly recall in 2015, the annual meeting of IMF and the World Bank, there is a roundtable discussion. A senior official from Indonesia say, you guys are talking about taping of QE. What I'm concerned is the slowing down of Chinese economy because 70% of low material export from Indonesia go to China. So that's critically important. China still should make effort to keep steady economic growth. So far, it's OK. In past several years, growth rate in China between 6.5% to 7%. But the last quarter is 6.5%, which is the lowest in almost eight years. So that's a big challenge for China to do that. Second aspect of China's contribution is to keep financial stability internally and externally. In past 10 years, the leverage ratio in China went up, particularly that of non-financial institution. The debt ratio for coal, almost 160% of GDP, which is one of highest China. Good thing is the region is stabilized now. They should do more. Externally, China should market a decisive role to decide the level of exchanging rates. The most important, as you mentioned, how China deal with trade escalation with the US. Everybody know trade war was not initiated by China. But in this regard, China, I guess, can do more. In 2001, China entered in WTO. The GDP of China occupied 5% of total global GDP. Now it's 15%. In this sense, China can do more in terms of reduction of tariffs, more open up to foreign investors. Also, they can actively deal with complaints from other side, not only from US, maybe other countries, Europe, Japan. For example, they can carry the principle competition neutrality. That means deal with all of the companies, no matter it's a foreign or domestic. No matter the state-owned or private-owned, they should treat them equally. The Chinese government commit to do that. Of course, also industry subsidy have to be limited, transparency and indiscriminatory. That means if they give subsidy to one company, they should give to all of them in same kind of industry. Of course, any distributes not only by one side have to depend on both side. So we will see what happens in the future.