UPS's business development in China has also experienced ups and downs. At the very beginning, in 1988, it cooperated with a large Chinese company and set up its own office. In 2005, after China joined the WTO, the express delivery market began to officially open to the outside world. Foreign-funded enterprises have entered China to fully develop international express delivery services, and UPS has also fully operated in China. In 2008, UPS became the logistics and express sponsor of the Beijing Olympics, which made us proud. Subsequently, UPS made two major investments in the Chinese market. One was to invest in the construction of the Shanghai International Transit Center, and the other was to invest in the construction of the Shenzhen Asia-Pacific Transit Center, and both of these transshipment centers have been put into operation. In addition, the business of Shanghai International Transit Center has covered major areas of China.