"There is no question of the benefits that opening a market of a billion people will bring to American businesses. But as I said last year, this will test China and the world trade system"

William M. Daley's quote speaks to the possible financial benefits of opening a market of a billion people to American businesses. He acknowledges the potential for increased revenues, however also cautions that this will be a test for both China and the world trade system. This recommends that the procedure of opening the market may be tough and intricate, and that it will need a good deal of effort from both China and the world trade system to ensure that the process is successful. Daley's quote likewise indicates that the success of the market opening will depend on the capability of both China and the world trade system to work together to ensure that the process is reasonable and fair. Ultimately, Daley's quote highlights the potential financial advantages of opening a market of a billion people, however also highlights the need for cooperation and partnership to make sure that the procedure achieves success.