Do you have any, you

know, throw your interpretation into the ring with everybody else? Oh yeah, why not? Go for it.

A few things.

First of all, I've done a bit of research and basically what I have found out is that typically, historically, business people never really traveled or extremely rarely traveled with Xi Jinping on official state trips.

So this seems to either have been a departure from tradition, if I can call it tradition, or media fantasizing, or companies affabulating and trying to create a debate or a discussion so that it would force the hand of politicians and get them invited.

That's one possibility.

But I think probably more importantly, If you look at some of the companies that were going to attend or were rumored to potentially join on the trip and so on, it seems more plausible that some of them, that the U.S. government administration objected to some of them being on the trip on account of national security and the product of some of those companies having dual purpose, which is, I guess, diplomatic language to mean that they could be used by the Chinese army, the PLA, or the surveillance apparatus of China and so on.

So, Renee, for our listeners who might be a little less familiar with China's auto landscape, can we back up a step here and can you briefly describe what it looks like, especially in terms of the number of manufacturers and why it's been so resistant to consolidation up until now?