Is there any scope for Foreign Human Resource Enterprises in China's business market?

Due to its WTO commitments, China has allowed into its market Foreign Human Resource Service Enterprises. However, these enterprises are only allowed to conduct business through the establishment of an equity or contractual joint venture with a qualified Chinese partner. The minimum capital requirement for such a joint venture is US $300,000, and the provincial-level Government Foreign Trade and Economic Cooperation Department must approve such a venture.