Hu Angang, a well-known economist, director and professor of the Center for Chi.. In 2004, Haier celebrated its 20th anniversary and I said that, Haier was a hero of Chinese nationality in an era or economic reform. Up to date, we are here celebrating Haier's 21st anniversary, I would like to say that Haier is an outstanding representative of Chinese enterprises facing the global competition. China needs not only one the most outstanding enterprise, but also thousands of enterprises like Haier. They are heroes and backbone of China's economy. Haier has entered the stage of "Innovative Enterprise". The central government set up a goal to develop China a new type of country. Theoretically, the new type of country will experience 4 development stages under 4 sorts of drives put forward by Mr. Michael: factor drive in stage 1; capital drive in stage 2; technology drive in stage 3 and innovation drive in stage 4, including concept, system, market and technology innovations. In fact, development of new type of country is aimed to establish new type of enterprises as new market can only be exploited by new type of enterprises. From the point of enterprises, it is basically the trend that more investment has been channeled to technology and human resource. This is believed to be the key for existing enterprises to become new type of enterprises. Haier has entered the stage of innovative enterprise. In the past 20 years, Haier has changed from a domestic recogizable brand to a global recognizable brand. This process is actually a model of development for new patterns, and the key is comprehensive innovation. Generally speaking, Haier is a representative of Chinese enterprises, a pioneer of global economy integration and also an explorer. We believe that Haier is a hero of China's economic reform as Haier does not only create fortune, taxation and job opportunities, but also Chinese style corporate culture, which is more important. It is Haier Spirit, which we call innovative culture with Chinese characteristics. Currently, Haier has updated its spirit, "Create resources, worldwide prestige", aiming to gain leader place not only in Chinese, but also in overseas marketplace. Chinese people and China all expect Haier to realize its dream and to become the most powerful player in the world economy. (Quotation based upon recording; not reviewed by the speaker)