Passage 1: We have made significant strides in implementing the policies needed to take advantage of the new opportunities of development. We become more and more aware that these opportunities are indeed embedded in this serious economic crises. We are very confident that our skilled work force provides a p foundation for future growth. And we are convinced that this work force allowed this country to become fa major center for advanced technology products in the world. In recent years, we further opened up our economy and China is now our number one trading partner. And our prudent financial policies and low level of public debt have positioned us well to address the challenges of the current crisis. All in all, we can look to the future with self-confidence that an economic U-turn is not only achievable, but also immediate. Of course, we will require perseverance in implementing our industrial restructuring and financial reform agenda.