President Xi Jinping's keynote speech, in which he highlighted that China will stay committed to openness and cooperation and unity for win-win results, was highly inspiring. Since entering the Chinese market 30 years ago, Volvo Group has witnessed the continuous improvement of the business environment in China.

The government has demonstrated its commitment and support to us, with continuous efforts to open doors for foreign business like ours, such as significantly cutting the "negative list for foreign investment access", creating an equal market access and fair business environment for domestic and foreign investors, and protecting intellectual property rights of foreign companies.

China is the largest market for construction machinery in the world. The promotion of the Belt and Road Initiative and New Infrastructure among other development measures has paved greater opportunities for us to drive sustainable development and continuous progress.