Last year prices made buying other people's infrastructure, in our view, expensive. As we go into 2006 there's still lots of capital in the system and very few opportunities, and therefore on balance (growth) is more likely to be organic.

I think China will open up progressively, it will be measured, and we will participate as fully as we are able both in our own way and through our partners in whom we've made investments. We see China as a huge opportunity for the next two decades and beyond.

It was a year when there were some challenges to deal with and we were particularly pleased with productivity in Europe and growth in emerging markets.

We try to get some easier buckets.

Competition is a painful thing, but it produces great results.

We don't really regard it as stuck (in fifth place) in the sense that pursuit of market share for its own sake has never been a primary objective.