China hub of global supply chain innovation

Q5 China last year reduced energy intensity by 5.1 percent, raised the non-fossil energy share to 21.7 percent and expanded new-type energy storage capacity beyond 130 gigawatts. Artificial intelligence and advanced technologies remain at the forefront globally. Where do you see the strongest partnership potential in China's green transition and AI-driven industrial upgrading? Are you expanding investment in renewables, digitalization, smart manufacturing or carbon management solutions? How central is China to your global sustainability roadmap and next-generation technology deployment?

Machado: Suzano sees strong potential for deeper collaboration with China in green transformation and AI-driven industrial upgrading. We co-launched China's first Decarbonization White Paper for the pulp and paper industry with Fudan University and Deloitte China, and we jointly run sustainability training programs with Shanghai Jiao Tong University's China-UK Low Carbon College. Our tech hub and procurement hub in China also identify and integrate emerging AI and advanced manufacturing technologies into Suzano's global operations. Our MoU with Tencent at COP30 exemplifies this commitment through AI-enabled biodiversity monitoring innovations. We plan to expand investments in digitalization, smart manufacturing, and next-generation low carbon solutions.

Xie: China's progress in green transition opens up major opportunities for international collaboration, and Vale sees strong potential to deepen cooperation with China in this regard. A recent example is Vale's partnership with Shandong Shipping Corp under 25-year contracts of affreightment for 10 second-generation 325,000-DWT Guaibamax vessels, which are currently being built by Qingdao Beihai Shipbuilding Heavy Industry Co Ltd, with green financing support from several leading Chinese financial institutions. China will continue to be a central partner in Vale's global sustainability journey. By combining China's technological capabilities with Vale's resources expertise, we believe we can contribute meaningfully to the development of a greener and more sustainable global economy.

Cheng: As a fintech company, Payoneer's direct contribution is not building factories or renewable assets, but building the trusted, well-regulated financial infrastructure that enables cross-border commerce for industries driving these transitions — including clean tech supply chains and digitally enabled exporters such as AI-powered businesses and new energy vehicle manufacturers. On AI specifically, our focus is on the responsible and practical application of AI to enhance operational efficiency and strengthen core risk and compliance capabilities. This includes automation across finance, operations and customer support, as well as machine learning-based risk scoring and monitoring.

Wu: China's accelerated green transition and AI-driven industrial upgrading present significant opportunities for deeper collaboration. At DHL Express, we see strong partnership potential in areas such as green logistics infrastructure and AI-powered operational efficiency optimization. In the realm of decarbonization, we are actively expanding investments in electrifying our last-mile delivery fleet through partnerships with Chinese EV manufacturers. We have already made solid progress in China. As of 2025, over 30 percent of our fleet in China was electric, moving us steadily toward our medium-term goal of 60 percent by 2030. We are also scaling our green-themed services in China, which enable customers to reduce their supply chain emissions through the use of sustainable aviation fuel.