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China has officially approved 5G commercial services earlier in June, and is currently testing 5G across all major cities and provincial regions. The country's 5G market is expected to start small-scale commercial use this year and large-scale commercial use next year.

China continued to see a stable job market in the first quarter this year, with a low unemployment rate, strong demand in the job market, and improved job prospects for certain groups of people, according to the National Development and Reform Commission.

China has demonstrated clearly its determination to open up the financial sector to global players. We of course welcome this approach, and see abundant opportunities in China as we are strong here and competitively positioned to capture market share in our key areas of focus. We have two clear points of differentiation versus our peers.

China has always prided itself on innovation and the best is yet to come.

China has also been phasing out unclean and inefficient coal-fired boilers, setting up new monitoring stations for air, water and soil protection, and working to build a clean, low-carbon, safe and efficient modern energy system.