PricewaterhouseCoopers, the largest of the "Big Four" auditing firms, has announced that it plans to invest around USD100 million to hire and train staff in China over the next three to five years.
Nora Wu, the lead partner of PwC's China office, said that the move is expected to meet the increasing demand for more sophisticated financial services in China.
She added that, during the past five to six years, the accounting firm has recruited an average of 2,000 graduates a year in China, and the country remains the company's most strategic market.