On October 20, Vice Minister of Commerce Sheng Qiuping met with Li Hui, General Manager of Toyota Motor (China) Investment Co., Ltd., in Beijing. Sheng Qiuping stated that China and Japan are important neighbors, with deeply intertwined economic interests and industrial and supply chains, creating broad potential for cooperation. China is unwaveringly committed to promoting high-level opening up. As the world's second-largest consumer market, its market size has steadily expanded. The Chinese government attaches great importance to expanding domestic demand and promoting consumption, and has introduced a series of policies and measures, including special campaigns to boost consumption and the trade-in program for consumer goods, providing ample development space for foreign-invested enterprises such as Toyota Motor. Toyota Motor Corporation is welcomed to further deepen its presence in the Chinese market and continue to actively participate in the China International Import Expo (CIIE) to share in the opportunities presented by the vast Chinese market. Li Hui stated that Toyota Motor Corporation highly values the Chinese market and is willing to accelerate the promotion of new technologies and concepts in China, building on this foundation to bring more innovative achievements to the global market.