Also, some of the regulations of the WTO are very demanding. So it requires a lot of courage on the part of the Chinese government to apply those regulations. We need to hope that the government will have the capacity to monitor this process carefully.
In terms of rules and regulations for transparency, these will put some pressures on corporate governance, on the way the companies present their results, [on some norms to empower shareholders]. There will be many pressures to have a more transparent system because the system today is not very transparent in China.
And I think China's WTO accession, by bringing more foreign investment, increased partnership, more strategic alliances and more joint ventures, will require an increase in transparency. And to modify the management system of the state-owned enterprises or town-and-village enterprises is something which is difficult to bring about, but it has to come.
There will also be consequences in terms of skills development. Because more and more foreign companies are likely to enter China, the shortage of professional skills that we see today will become even more visible. We will need more technicians, we will need more accountants and we will need more human resources managers.
To attract more foreign investment, companies need to have more professional skills. So that means one must accelerate the process of training and developing these human resources. In China there is no shortage of people. We have plenty of human resources, but we need more professional human resources at all levels of the organization. And the entry into the WTO will accelerate this need.
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