GS-变革中的中国：聚焦产能周期-面对不均衡、判断转折点、穿越长周期

Right. Good afternoon, everyone. Thank you very much for joining this Goldman Sachs webinar on China's Capacity, Imbalances, Inflections and Beyond Cycles. My name is Michael Snaith. I look after Asia Research Merchandising at Goldman in Hong Kong. And today I am delighted to be joined by a number of my colleagues. We have Trina Chen, who's the co-head of Greater China Research. Jacqueline Du, who's our Greater China Industrial Tech and Clean Tech Analyst. Tina Hao, who's the Greater China Autos Analyst. Ni ...