So what's the idea behind that?

Again, that's a great question.

The scaling capability of China is, I mean, we all know that it's very remarkable, and then perhaps not many countries in the world can actually compare to China in terms of the scaling up capability.

So, I mean, let us start with the ecosystem, right? to understand the reason behind the success of the Chinese supply chain and also humanoid industry.

I think humanoid right now, especially the humanoid right now, is roughly an electric car with NICs and motors, reducer, and of course, AI chips, a different kind of sensor.

So I think it's fair to say that actually the overlap between the EV and the humanoid supply chain at 60% to 70%.

So over the past couple of years, we have seen that so many Chinese EV companies are jumping in to the humanoid market.

And so could you help us look under the hood of a Chinese humanoid robot or any of these robot systems and kind of describe what are some of the key components And how far is China along in being able to produce some of those key components domestically versus how much are they still actually quite reliant on foreign suppliers?

But going forward, A, what do you think this administration's ultimate sort of end state will be vis-a-vis Taiwan? And what are the steps that the United States and Taiwan or maybe some of our other Indo-Pacific allies should be taking to strengthen Taiwan's defense?

I would concentrate on one concept, denial, right? So we have to make every military option Beijing might consider extraordinarily difficult, slow and uncertain, right? Taiwan is already spending more, especially under this administration pressure They are now increasing the portion of their defense budget and trying to reach perhaps like more than 3% of their GDP And their goal is actually to meet with 5% of their GDP and to ensure that a huge portion of their economic growth can be reallocated to enhance their island defense capability.

But at the same time, I would say the United States or other allies, I mean, should definitely try to sell more weapons to Taiwan.

We have seen a lot of examples, like, I mean, like the US government has been sending, for example, selling F-35s.

to a lot of countries, I won't necessarily consider them as strong allies, but at the same time, you are not selling this kind of like weapons to Taiwan, right? I'm not saying Taiwan is F-35 because as a lot of experts has already claimed that, I mean, in order to build an asymmetric advantage against China, actually Taiwan right now is really, what the Taiwanese need right now is actually drones, for example, right? Rather than the traditional conventional culture platform.

But that being said, I think the U.S. government should actively consider to upgrade the island's capability.

And also, there's a huge problem about the weapon delivery problem that the United States or other allies are having.

How strong do you think the pro-democracy movement is inside China at the moment?