Operator: Good day, and thank you for standing by. Welcome to H World Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
According to a report by the IMF, the economy of China is expected to grow 5% in 2024 and 4.5% in 2025, marking an upward revision of 0.4 percentage points from the previous April projections.
Operator: Good day and thank you for standing by. Welcome to H World Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The Chinese economy, once expected to quickly recover in 2023 and continue as a global growth engine, has experienced a slowdown, being labeled a "drag" on world output by the International Monetary Fund...