PwC announces China plans

News Article - 24 May 2012
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PricewaterhouseCoopers (PwC) is to recruit around 2,000 Chinese graduates next year as it attempts to grow in the country, despite the economic downturn.

The firm's China markets leader, Frank Lyn, told Reuters in an interview that this drive was just the beginning, with the recruitment pace expected to continue for three to five years.

He explained that it takes between three and five years to bring a graduate up to senior associate standard.

New premises would also be opened in the country to help PwC's business growth, he added.

"The current economic crisis is something that everyone is very, very concerned about," Mr Lyn told the news agency.

"But 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 ten years."

In September, the firm announced that its turnover for the last financial year was £2.24 billion, a rise of seven per cent.

Its underlying net revenue increased five per cent, while underlying profit grew seven per cent.

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