We are deeply inspired by President Xi Jinping's remarks. We are encouraged by China's resolution and actions to promote high-level opening-up and to work with other countries for sustained recovery of global economy.

We believe that trade serves as the lifeblood of the global economy, and we are committed to enhancing trade connectivity around the world. China is an important market in the FedEx global strategy. We hold great confidence in the market's potential.

As China continues to promote openness and the growth of trade in services, FedEx will leverage our strengths and expertise in the realm of international logistics by expanding our network in China, optimizing our portfolio of cross-border shipping services, and bolstering connections between China and global markets.

These efforts will contribute to the stability of the global industrial and supply chains, helping to facilitate the recovery and prosperity of the global economy and trade.