For more analysis on this, joining me now in the studio is our current affairs commentator, Victor Gao Zhikai. Welcome.

Q1. We can see Chinese companies are becoming bolder when it comes to outbound acquisitions. Why is this? From both an internal and external point of view.

Q2. Some international rating agencies worry about Chinese companies' debt problems and believe they are over-leveraging. And Chinese companies have also experienced political setbacks when trying to clinch deals overseas. Overall, what do you see as their major challenge?