Zhao Yang: SO Cao Can actually a lot of enthusiasm or frenzy for online shopping for the 11/11 singles day. Online shopping sector will witness a dramatic increase here in China. So in which way do you think this online shopping will change people’s lifestyle here in China? Cao Can: Well it makes their lifestyle much easier. For instance, today in Beijing it’s very cold and it sometimes rains they can just stay in their house and click a button and get their product. So this is how technology has just enhanced people’s livelihood. Especially with a lot of internet usage in China and mobile internet usage their lives just becomes easier and easier. But what strikes me most about this news is that fact that Alibaba, the amount of goods they sold last year more than tripled the total amount of sales revenue in the US, I meant his data should tell you something about the strength of the Chinese economy. Just Alibaba alone not even counting dangdang [or Suning or JD]. Just Alibaba alone. They’re sales is triple all the merchants combined in the US. I don’t know whether that should tell that the Chinese economy is booming, or the US economy is still in recession. But it tells me that the Chinese economy is doing just fine otherwise where are people getting all this money to shop. I meant the data can’t lie. The sales quotas can’t lie. That’s people actually spending real money. And Jindong also, even thought they might be taken advantage of by Alibaba a little bit Still their sales revenue increased 100% it doubled just in one year I meant hats sky-rocketing growth. Zhao Yang: What does last year’s general figure tell you about the big picture? Cao Can says it tells him the story of economic boom in China, but what does it tell you, does it mean the Chinese people are more willing to buy online than the Americans? Jean-Marc F. Blanchard: That’s a good a question. We have to remember a couple of things. One that the internet population of China is much larger than the entire population of the US, so certainly that’s part of the story. Another thing too is that buying on the internet is a way that many people outside the big cities in china can get access to things that they might not otherwise get. The internet offers a path to consumption that isn’t needed in the US. And then partly if you look at some of the way that software applications have accommodated mobile purchasing in china and a lot more people have cell phones than computers it’s been a very sophisticated way to get people to purchase different kind of services and goods.