'Dual circulation' to boost growth (Ⅳ)

A1: Canon fared very well in 2020 in China, boasting particularly outstanding performance in China compared to the rest of the world. Canon's camera market in China has appeared to be the most robust due to the recovery of the market and the debut of key products such as EOS R5. In the post-pandemic era, families' demand for printing has surged, driving up the sales of Canon's printers in China in 2020. The restructuring of Canon's healthcare business in China has added growth momentum to the global medical market.

A2: The key to the establishment of the dual-circulation development pattern is the innovation-driven high-quality development. Canon should emphasize innovation and high quality to develop its businesses in China. China plays a leading role in the development of various segments. Canon should also move in line with the latest market trends in China and ramp up efforts in innovation, especially in bolstering domestic innovation capacity.

A3: We value stabilizing foreign investment the most. With the support of this policy, Canon can carry out investment in a more fair, transparent and convenient environment, enabling us to expand our business types and areas, and participate in centralized purchases in a more extensive manner.

Canon pays more attention to safeguarding the stable operation of industrial and supply chains, which have proved very significant through the pandemic.

A4: The development model has enabled China to be the first country in the world to resume production and enabled its people to go back to normal life. China's experiences are of great value for the whole world. As China plays an indispensable role in the supply chains of various industries, the fact that China has restarted its businesses is essential for global supply chains.

A5: As China has developed at a high speed over the last 40 years and Chinese people are striving for a better life, China's development is bound to enter a new era. We hope that through our advantages in imaging, we can provide better imaging products, technologies and solutions for China and enable better living and working experiences, so as to further entertain and touch people. This is Canon's vision for the long term.

A6: China has always been one of Canon's most important markets due to its huge market scale, integral industrial chains and vital economy. Here, we have a complete business system encompassing R&D, production, logistics, sales and service, which have seen great development for many years. In the future, China's market will play an increasingly significant role.

As we all know, China is the only economy registering positive growth among all major economies in the world. The sound development of China's market will boost our confidence in and expectation for the recovery of global economy. In addition, China is actively promoting economic globalization. Given the current global landscape, the only way out for the global economy is to strengthen cooperation between countries, and China is also working on it.

A7: I have full confidence for China's future developments in economy, markets, innovation and further opening-up. China will play a leading role in the development of emerging technologies. Canon also hopes to promote development in areas such as big data, cloud computing, internet of things, artificial intelligence and machine learning. We will strengthen our cooperation with our business partners in China to explore the wider use of these emerging technologies in imaging, so that we can provide customized smart IT products, solutions and services for our customers here.