FinanceAsia How will your strategy for China differ this year from past years Will you continue to focus on the international deals
WU This year the focus regionally for Morgan Stanley was Mergers Acquisitions, and that includes China. Last year it was predominantly equity and privatizations from China. Next year we expect that MA will play an increasing role in China, but at the same time, our equity pipeline will keep us quite busy. We expect to do more business with the private sector and the multinationals. In the long run we hope to participate directly in China's domestic market. We have continued to do a great deal with our partners at China...
