Yu Liu Email and Phone Number

• Lead the business economics functions for the Asia-Pacific region. Provide research and outlook for the economy, construction and mining machinery industry; • Focus on China. Closely track the Chinese economy and government policy. Research focuses on construction and mining activity, and machinery industry; Construct both short-term outlook and strategic long-term view for the Chinese economy and industry;• Deep knowledge for India and emerging Asia; Coverage also includes Japan, Korea, Australia, and New Zealand;• Monitor the commodity market; stay focus on coal, steel, and base metals market development in China and the Asia-Pacific; • Close ties with the business, conduct field research regularly. Broad relationship with economists and analysts of various backgrounds; • Provide regular economic update and consult to the management team; Support board meeting and financial release; Deliver economy and industry presentations to a broad range of audiences.

• Focus on China and India; work with the Asia-Pacific Chief economist; provide economy and industry analysis and outlook for China and India;• Track economic policies and analyze the impacts. Construct strategic views to support the companies’ growth strategy in China and India;• Monitor the commodity market in China & India; special focus on coal, steel and base metals.

• Support Chief economist at the headquarter; prepare and participate meetings with top management; • Provide North American economy and machinery industry analysis and forecast;• Responsible for commodity and mining-related research and forecast;• Supported several special projects and M&A deals.

• Lead the research team; Special focus on the Chinese economy as well as steel and iron ore industry;• Provide research and consultant services, tailor-made hedging solutions, and trading recommendations to the customers;• Support the marketing and sales departments to build and enhance customer relationship; organize and participate in customer events and conferences;• Receive Shanghai Futures Exchange’s best steel industry analyst Award in 2009.