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Deloitte China Expansion plan continues

DELOITTE will continue its expansion in China despite the slowing economy, its China chief executive said in Shanghai.

"Our current network of 11 offices is for sure not enough when we consider the huge China market," said Chris Lu, chief executive officer of Deloitte China. "Expansion is definitely necessary. But when and where really depends on lots of factors."

The accounting firm opened a Hangzhou office earlier this year and another office will open within one month, according to Lu.

Deloitte will also expand into Sichuan Province, he said.

Lu said that the accounting firm is considering reevaluating its payment system in the second half of this year, which could mean fewer raises but more bonuses for employees.


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