Yangcheng Evening News:

We have learned that the "Big Market for All: Export to China" series of events has attracted many Chinese and foreign enterprises and built a platform connecting global sellers and Chinese buyers. Could you brief us on the outcomes of these events in the first half of the year? What key arrangements can we expect next? Thank you.

Yan Dong:

Mr. Yang will take these questions.

Yang Tao:

Thank you for your questions and for your interest in the "Big Market for All: Export to China" series of events.

The "Export to China" series of events is a pragmatic initiative by China, taking the perspective of its trading partners, to expand imports and promote the balanced development of imports and exports. Its goal is to share the development opportunities of the Chinese market with all parties around the world, help countries broaden their export channels to China, enrich the supply of goods on the domestic market, and better meet people's needs for a better life. In the first half of this year, we held nearly 40 events, which received very positive responses from all parties. The events were full of highlights and can be summed up in four key terms: high-level participation, practical measures, varied features and wide coverage.

First, participation was high-level. National leaders, senior government officials and diplomatic envoys from China and other countries attended, helping foreign exporters and domestic buyers make precise matches and negotiate efficiently. Many domestic buyers have told us that through a series of high-level "Export to China" events, they have met new foreign suppliers and further broadened their import sources for high-quality foreign products.

Second, the measures were practical. Overseas, we focused on key countries, inviting the U.K., Spain, Kazakhstan, Kenya, and Thailand to serve as theme countries for the 2026 "Export to China" events, with dedicated events held for each. Domestically, we encouraged local governments and financial institutions to roll out matching support measures. For example, Hangzhou introduced 10 innovative measures to expand imports, and the Industrial and Commercial Bank of China, Bank of China, and China Export & Credit Insurance Corporation launched exclusive financial service packages.

Third, the events were varied. We took local strengths into account and guided regions to hold events with local characteristics. For example, we drew on import promotion demonstration zones to build bridges between supply and demand. We also linked up with investment roadshows for the China International Import Expo to expand imports and unlock import potential. In addition, we coordinated with the "Shopping in China" campaign to create international consumption settings and ensure that high-quality overseas goods not only "come in" but also "sell well." Recently, Ningbo rolled out a 1 million yuan voucher program for residents that can only be used on Central and Eastern European products. The scheme deepened economic and trade cooperation with Central and Eastern European countries and delivered tangible benefits to local consumers.

Fourth, the coverage was wide. Many of the events drew wide attention at home and abroad and generated an enthusiastic response in the business community. Some overseas business leaders said, "The Chinese market is big enough to accommodate all participants," while some overseas netizens commented, "The whole world can benefit from China's economic growth." All of this vividly demonstrates the vitality of openness and cooperation.

China's proactive expansion of imports is a strategic move rooted in the new development philosophy and in step with the historical trend. It is aimed at achieving mutual benefit and win-win results with all countries and at working together for a better future. Going forward, we will continue to enhance the "Export to China" brand, stick to the twin drivers of "policy plus events," work with all parties to steadily advance events, respond actively to countries' requests and enterprises' suggestions, keep improving import promotion measures, and continue to release the policy dividends of expanding imports.

Finally, we sincerely welcome all parties to take part in the "Export to China" series and share the broad opportunities of China's vast market. Thank you.

Jia Huili:

Due to time constraints, we will take the last two questions.