I would like to move back to central Europe and the “16+1” Chinese initiative in Europe. It is now 25 years after the collapse of the Soviet Union. It used to be that central European states were kind of trapped between Russian interests and western European interests—French, German, English, whatever the case might be. Now you have this new player, China, this “16+1”. The trade in 2009 used to be about $3 billion U.S. Today, it is about $23 billion U.S. On November 5 of last year, there was a “16+1” summit in Riga. Serbia supports China's claim over the South China Sea, which is really interesting because Serbia has a very strong maritime tradition. On top of this, the first China railway express freight service was opened between China's Chengdu province and Warsaw, Poland. A 12-day express freight ride is now available.
Can you talk more about this new opportunity that some of these states have? How are they leveraging the potential for Chinese direct investment versus the political and economic relationships with the Russian Federation and the European states, along with Canada, which shares a strong relationship with many European states? Our interests in the economy and politics usually align quite closely, and that's not always the case with Chinese direct investment, and it's definitely not the case with the Russian Federation. I'd like to hear your viewpoints on this new player in the region. How credible, really, is this “16+1” initiative?