China has further expanded its visa-free policy to more countries, warmly inviting travelers and business partners from around the world to explore our nation and discover the real China. This latest expansion includes multiple Latin American countries—key markets for our products. For years, we have been exporting home organization and kitchen storage products to South America, where they have been widely loved by local communities. This new visa-free policy will strengthen our trade ties and make cross-border exchanges even smoother. Come visit China—experience its culture, opportunities, and hospitality firsthand!

The Prime Minister of Brazil has started his visit to China, and Latin American countries have strengthened their economic and trade co-operation with China. We have been supplying to customers in Latin American countries, and we have long-term orders in home storage. We hope that after 2025, the economies of Latin American countries will be stable, and we will develop friendly co-operation with China.

Costco recently reported first-quarter earnings for fiscal year 2025, and its results beat market expectations, showing that the commodities retailer has maintained strong growth despite tightening consumer spending. Its unique business model and affluent membership base have helped the company maintain a competitive advantage in the market.