China's Economic Recovery Helped Boost Confidence

Mr. Chairman, you mentioned that China is currently reviving its economy. We are on a relatively better trajectory because for a relatively long time in the past China's contribution to the global GDP growth was above 30%. And for all the developing economies combined, it's about 70%. Starting from this year, China maintained very positive momentum of economic recovery against the backdrop of multiple challenges globally. In Q1, we registered a 4.5% GDP growth. Based on the current consumption statistics, the growth is on a steady path of recovery.

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