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PwC positive about development in China

(Xinhua)

10:00, May 19, 2012

SHANGHAI, May 18 (Xinhua) -- Dennis M. Nally, chairman of global consulting firm PricewaterhouseCoopers (PwC), said Friday that the firm will continue to expand its business in China, as it is positive about the country's economic outlook.

"We see two opportunities for PwC in China. One is to continue to help multinational companies to invest in China," the chairman said.

"Secondly, as Chinese companies continue to develop and they think about making investments in the other parts of the world, helping them to go into new markets and understand local customs, rules, regulations and getting their businesses set up there is another significant opportunity for us here," Nally said.

Nally said a recent survey conducted by the company shows that CEOs around the world continue to believe that China is the best market for investment.

"We can help these companies strategically with their investments here in China," he said.

China's 7.5-percent economic growth makes it the fastest-growing economy in the world, he said.

"But it's no longer as export-driven as it used to be," he noted.

PwC has a network of firms in 158 countries, with close to 169,000 people providing assurance, tax and advisory services. Over 12,000 are located in China, making PwC China the leading professional services firm in the country.

"Our challenge is to continue to develop a workplace environment that allows people to be successful, which is why creating a flexible working environment is critical," Nally added.

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