Auction task force. Mr. Epstein, what does that mean . Guest thank you, peter. Im happy to be here. I am the head of the task force at the fcc which is responsible for implementing the incentive auction which is a firsttimeever auction at the fcc for spectrum. Host and the incentive auction is the auction, the spectrum auctions involving the broadcasters, correct . Guest indeed, it is. It is whats called a twosided auction which for the very first time will acquire spectrum from broadcasters in a socalled reverse auction and then turn around, repackage it and make it available to the wirelessc carriers9jz a forward auction. So it is a backtoback auction, a reverse auction and a forwardq auction. Host well, two followups to that. The fcc has set march of 2016 as the date for the incentive auctions to happen. A, will that date hold and, b, how long have you been working on this . Guest the auction commences on march 29th, 2016, and we do intend to hold to that date. All the commissioner
As China's industrial upgrade gains momentum, the country will play a bigger part in stabilizing global supply chains, just as it did amid three years of COVID-19 disruptions, which will facilitate the smooth running of the world economy, global business leaders said.