PricewaterhouseCoopers to invest heavily in China

0 Comments | AFP, November, 2006

SHANGHAI (AFP) — Global accounting firm PricewaterhouseCoopers will invest between 50 and 100 million dollars a year over the next few years in China, state media has said. PwC chief executive officer Samuel A. DiPiazza told the China Daily the company would also recruit 2,000 new employees annually over the next few years.

The investment will mainly go to human resources and the rapidly expanding advisory and tax businesses, the report said. "The company ... views (China) as its most important market over the next 20 years," DiPiazza said in the report. PwC has spent 200 million dollars in China so far, employing 8,000 people in 12 offices across the country, the newspaper said. © 2006 AFP