You are given a conversation between two people. 'Person1:' and 'Person2:' are used to separate their respective dialogues. You are required to assign a label 'formal' if there is an absence of emotion and a presence of questions anywhere within the conversation. If such pattern is not found assign the label 'informal'.
Example: Person1: Hey man , you wanna buy some weed ?
Person2:Some what ?
Person 1:Weed ! You know ? Pot , Ganja , Mary Jane some chronic !
Person2: Oh , umm , no thanks .
Person1: I also have blow if you prefer to do a few lines .
Person2: No , I am ok , really .
Person1: Come on man ! I even got dope and acid ! Try some !
Person2: Do you really have all of these drugs ? Where do you get them from ?
Person1: I got my connections ! Just tell me what you want and I ' ll even give you one ounce for free .
Person2: Sounds good ! Let ' s see , I want .
Person1: Yeah ?
Person2:I want you to put your hands behind your head ! You are under arrest !
Example solution: informal
Example explanation: Based on the conversation, we can see that there is a presence of exclamation which is not present in a formal discussion. Therefore this is an informal conversation

Problem: Person1: Since China was open to the outside world , its trade forms have become much more flexible . One of these commonly used forms is co-production . Would you please do a bit explanation of it , Mr . Walker ?
Person2:Well , under this arrangement two parties cooperate to manufacture a product or a category of products , for example , machine tools for export . Each party produces and supplies a part of the components and parts ; one party is a Chinese enterprise , the other , an overseas firm . Most probably , the foreign counterpart contributes technology and equipment , and sometimes , parts and components , while the Chinese enterprises factory building , labor and other resources to the cooperative production . They join hands and fulfill orders together by an agreement or a contract .
Person1: I suppose that the assembling of these components and parts , particularly the marketing of the finished products should take place in China .
Person2:Not necessarily . It depends on the contract stipulations . They may be marketed in the foreign country where the other party is located , or even in a third country .
Person1: I think the principle of co-production is to expand export trade . It's a reciprocal business , isn't it ?
Person2:Yes , you are right . Either party is not well-equipped to produce the final products single-handedly , but they can enter into an agreement . In such case , each side contributes different resources to make the manufacture of a certain product or a category of products possible .
Solution: formal