PwC will create 20,000 jobs in China over the next five years as part of an Rmb8bn ($1.25bn) investment that will double the size of its presence in the country.
The Big Four accounting firm laid out its expansion plans for China on Monday in a strategy it dubbed “The New Equation”. The unveiling coincided with the first day of the China International Import Expo, an annual business event in Shanghai aimed at touting the country’s role in global trade.
The strategy would double PwC’s China workforce, making it almost twice the size of the company’s UK operations, which employ about 22,000 people.
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