Asharq News:

What measures might the government take to mitigate the impact of tariffs on the Chinese economy? Will the government resort to increased spending or promoting domestic consumption?

Sheng Laiyun:

Thank you for your question. High tariffs certainly increase trade costs, which is detrimental to economic and trade growth. Since the beginning of this year, faced with changes and pressures from the external environment, the Chinese government has responded actively and taken proactive action, placed greater emphasis on strengthening the domestic economic cycle, and intensified the implementation of more proactive macroeconomic policies to expand domestic demand and promote consumption. We will unswervingly manage our own affairs well, leveraging the stability and certainty of the Chinese economy to counter external uncertainties.

We have adopted comprehensive measures to strengthen the domestic cycle and promote steady economic growth. On the one hand, we have continuously increased the support of fiscal policies. I also mentioned earlier that this year's fiscal policies are more effective, with greater support for the trade-in of consumer goods and the upgrading and transformation of industrial equipment. These policies have played a positive role in economic performance. The policies to expand domestic demand are active and effective. Domestic demand—particularly consumption—has been the major driver of economic growth in the first half of the year. On the other hand, we have actively advanced high-level opening up, expanded our "circle of friends," promoted trade diversification, and reduced the risk of dependence on a single market. These measures have delivered remarkable results. We believe that with the further implementation of these policies, the effects of promoting consumption, stabilizing investment and expanding foreign trade will become more apparent, continuing to support steady economic growth. Thank you.

Shou Xiaoli:

The last question, please.