Jan Craps, CEO and Co-Chair of Budweiser APAC

His report reiterated China's continuous focus on high-quality development and high-standard opening up, while it maintained its strong determination on growth and law-based governance. With this forward-looking environment as always, we are convinced that Budweiser APAC will continue to achieve high-quality business growth in China.

We have been developing in China for more than 30 years. In the past, we have been delighted to witness the take-off of the Chinese economy. China is so important to the world economy therefore it is essential that China's economy and economic support measures succeed.

What we have achieved in China is inseparable from the support provided by the central and local government. China's economy has shown strong resilience and vitality, its GDP growth remains steady and residents' disposable income continues to increase. Thus, we are very optimistic about China's high-quality growth in the future. We trust in the continuous opening-up of China's market and favorable business environment.

In the future, we will continue to invest in China, which is also in line with our business strategies. We will be focusing on premiumization, digitalization and expansion, which is fully aligned with China's aim to focus on high-quality development.