Q2 In 2025, China's exports rose 6.1 percent, newly established foreign-invested enterprises increased by 19.1 percent, and R&D intensity reached 2.8 percent of GDP. Against the backdrop of global supply chain reconfiguration, is China's role in your global strategy expanding? How do you evaluate China's integrated advantages — manufacturing depth, innovation capacity, infrastructure and market scale — in supporting your production networks and supply resilience? Does China function primarily as a market, a production base, an innovation hub, or increasingly all three within your corporate architecture?

Cui: As a pioneer in industrial software innovation, we are well aware of the vast opportunities and development momentum in the Chinese market, and we are fortunate to achieve both business growth and technological advancement in this dynamic market. Participating in and empowering the digital and intelligent transformation of China's industry, we adhere to long-termism and continue to increase our investment in local R&D, talent and ecosystem development.

Aveva deeply understands that taking root in the Chinese market must be built upon robust local innovation.

Looking ahead, we will continue to advance the development of our localized R&D, innovation and delivery capabilities.

Zhang: Against the backdrop of global supply chain reconfiguration, China's importance in Dassault Systemes' global strategy continues to grow. China possesses one of the most comprehensive industrial systems in the world, supported by strong engineering capabilities, advanced infrastructure and an increasingly dynamic innovation ecosystem. Within Dassault Systemes' global architecture, China functions simultaneously as a key consumer market, a high-value R&D hub and a vital node connecting global supply chains and innovation networks.

Looking ahead, we aim to deepen collaboration with Chinese enterprises, research institutions and ecosystem partners, positioning China as a key environment for industrial AI innovation.

Zhao: China has always been one of the most important markets for Hitachi Energy. Driven by an unprecedented growth of electrification across industries, and an increasing amount of renewables' integration into the power system, the grid is now facing urgent demand for capacity expansion and upgrading, amid its fundamental security role as mission critical infrastructure. China has been leading the world in grid planning and operation, and boasts an advanced power equipment manufacturing industry.

As a global technology leader, we are well positioned to support China's new power system and co-innovating with local customers, while serving an expanding overseas market to meet their rising energy demand.

Dewoon: The Chinese market is of strategic importance to Scania and Traton Group. Scania invested 2 billion euros ($2.31 billion) to build its third global industrial hub in Rugao, Jiangsu province. China is the largest and most competitive truck market in the world, and we are here "In China, with China".

Success in working with Chinese supply chains lies in combining global sourcing capabilities with a high level of localization, leveraging the best of both worlds.

The company remains committed to working alongside local partners to advance sustainable transport solutions and drive the green transformation of industry, in China and beyond.

From our Rugao industrial hub we produce for both China and export markets, primarily in Asia and beyond, enabling us to catch growth opportunities in the largest and fastest growing economies.