Ladies and gentlemen, China’s economy is robust and resilient(强健而有活力). It is not dependent on any one sector. We have our fair share of natural resources and are the world’s largest trading partner. All of these factors give our economy diversity and strength to support every commitment that we make. The IOC evaluation commission report noted that our OCOG budget (奥组委预算) is well thoughtout and presents a valuable financial plan. We assure all stakeholders(利益相关者) that their interests are not going to be affected by foreign exchange risk(外汇风险). With the guidence of the IOC our experienced game team developed a plan that is practical on expenses and conservative on revenues(支出务实，收入稳健). When Beijing last implemented the Olympic marketing programme, we broke many records and generated 1.2 billion USD in revenues for our domestic partners. Both international and Chinese companies competed for the right to associate with Olympic Games.

　　Strong marketing success in 2008 sets the stage for us to achieve records for 2022 protecting the long-term financial viability(长期财务可行性) and reputation of the Olympic Games. With the growth of income and living standards the purchasing power(购买力) of Chinese consumers is growing faster than any other major market in the world. Sports and fitness are becoming central to our lifestyle. The sports industry in China is expected to reach 800 billion USD by 2025. Winter sport in China and abroad will be the long term beneficiary(长期受益者) of this unparalleled growth(空前的增长). And Olympic Winter Games in the Chinese market will create unprecedented opportunities(前所未有的机会) for sport in 2022 and well beyond. Thank you very much.