President Xi's speech was very encouraging. China represents a critical part of our global footprint and the largest elevator new equipment market in the world. As China moves at full speed to open up to the outside, and with the new digital infrastructure initiative, Otis is investing in the technology and developing innovative products and services to support our customers and passengers in a modern, connected world.

We are committed to embracing the opportunities by China's opening-up and collaboration, helping to stimulate economic growth and provide benefits to residents and businesses across the country. Otis has been delivering products and services to China since 1984, our elevators and escalators serve as key vertical transport links to safely and seamlessly connect people to the places they need to go.