A1 It is the fifth consecutive year that Johnson &Johnson has participated in the CIIE. For us, this grand expo provides unique opportunities not only to share our cutting-edge innovation with the world, but very importantly, to join the top minds of the healthcare industry and our stakeholders to paint a picture of the future of health for humanity.
Riding on the influence of the past four CIIEs, many of Johnson &Johnson's innovative products and healthcare solutions sped up their entry into China to meet the growing health needs of Chinese patients and consumers. We look forward to having more in-depth engagement with partners on this platform.
A2 The CIIE is an important initiative taken by the Chinese government to expand opening-up and win-win collaboration, support innovation and create a better international business environment. Despite the challenges brought by COVID-19, the expo remains open to businesses around the world and continues to facilitate industry collaboration and communication.
The CIIE is a vivid testimony to the resilience of China's economy. We remain confident in the long-term prospects of the China market and our innovation-driven high-quality development in China.
A3 During our 37 years of local operation, we have witnessed the opening-up of the country and have contributed to, as well as benefited from, its extraordinary progress. As China grows to become the world's second-largest economy, we are heartened to see that the country is driving development for its trade partners, playing a key role as the world strives to recover.
A4 We feel humbled to work in an industry where people's health and well-being are our first and foremost priority. In the past few years, we have witnessed a continuous rise in people's health awareness. At the same time, we are also encouraged as the government steps up efforts in healthcare reform to incentivize innovation and improve access to quality care. We remain positive about the long-term prospects of China's healthcare industry.
A5 Since the start of reform and opening-up, the Chinese market has undergone a transformation that was unseen in other parts of the world throughout modern history. After four decades, it is without doubt that an open China has brought enormous opportunities for businesses around the world. Ushering in the new era, we continue to be encouraged by policies favorable to opening-up, government-led initiatives to support a more open and fair business environment, as well as China's efforts to bring more innovative healthcare products to serve our patients and customers in a better, faster way.
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