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04 Nov 2008
PricewaterhouseCoopers (PwC) is defying the credit crunch and plans a major expansion in China where it is preparing to recruit about 2000 Chinese graduates in 2009 as part of its long-term plan to expand in that country, its top China head said yesterday.
PwC plans to retain this pace of hiring over the next three to five years and will open new offices in China 'very soon' to support its rapid business growth, Frank Lyn, PwC Beijing-based China Markets Leader, told Reuters in Shanghai.
Lyn also said Chinese companies hoping to expand to the west through mergers and acquisitions could wait another six to nine months when cheaper deals were expected.
'The current economic crisis is something that everyone is very, very concerned about,' Lyn said. 'If you take a longer-term view and the fact that we're here to stay, we are not just hiring for now but ready to train our people for the next five to 10 years.'
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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