Thank you, Madam Chair.
Thanks to the witnesses for being here.
Mr. Waterhouse, my questions are primarily for you, but if someone else wants to say something, give me a signal.
You testified before the Special Committee on the Canada–People's Republic of China Relationship in 2021, where you talked about the threat from the Beijing regime. Can you confirm that the present-day threat is completely different from the one we were looking at eight or 12 years ago?