Q2 China has been deepening its reform and opening-up policy, particularly at the institutional level, so as to ensure equal treatment and an optimized business environment for foreign companies operating in China, and to persuade more of them to invest in China and benefit from the country's thrust on tech and innovation. How do you view China's efforts? How can China intensify such efforts, particularly in the context of any potential external or internal barriers?

WAN: The advancement of technology relies on the wisdom and contributions of people from all countries and regions. As an emerging market with high potential, China has a higher demand for technological improvement and progress than other countries. We are very happy to see that the government provides equal treatment and optimizes the business environment for foreign businesses, and we are committed to joining our Chinese partners in providing better products and services for Chinese businesses. We will leverage local resources for mutual benefits by combining the R&D experiences of foreign companies with local human resources in China.

FANG: China's reform and opening-up is the driving force empowering this country's impressive and extraordinary economic growth. Now that China's reform and opening-up have reached a higher stage of maturity, more courage and efforts are needed to continue economic development and growth. I believe China has the wisdom and the will to do so.

CHEN: China has made remarkable achievements as a result of reform and opening-up, emerging as the world's second-largest economy, creating a vibrant market economy. On digital transformation, China has come a long way over the past four decades, and its digital economy including the IT market is highly dynamic and competitive. We are confident that innovation, trust and collaboration will ensure that we can move through current challenges to a more stable and prosperous future in China and around the world.

HOU: China has continued to adopt policies and optimize investments to enhance the business environment in recent years. Because of this further "opening-up", as well as the resilience and vitality of the Chinese economy, foreign companies have greater opportunities to invest in and start businesses in China, and so the Chinese market has become increasingly appealing. China's ever-improving economic foundation and technological innovation capabilities have enabled it to demonstrate strong resilience and flexibility in the face of risks. In the era of the digital economy, this resilience and potential will be amplified. And the innovation-driven development strategy creates incentives for the transformation and upgrading of enterprises in the second wave of digital transformation, which aligns closely with Microsoft's own strategy in China.

MENG: These years, Qualcomm has benefited from the optimized business environment in China. We are proud of the strong relationships we have built with numerous companies in the country and are committed to ongoing collaborations to help them achieve even greater success at home and abroad in the 5G era.

We are impressed by China's growing efforts to make significant progress in improving its intellectual property system. China's ranking in the WIPO Global Innovation Index continues to rise, reaching 12th place in 2021. The achievements signal a bright future for China's innovation-driven development strategy. Strong and equal IP protection will further enhance foreign companies' long-term confidence to invest in China.