THE MAINLAND GOVERNMENT, with a seemingly insatiable appetite for growth, looks to be well on its way to achieving its goal of doubling its economy by 2020.
As international trade grows and companies flourish, and as Chinese businesses strive to bring their accounting practices up to international standard, the demand for accountancy services has never been higher.
This means accounting firms have to be selective about the business they accept, certainly more selective than they would like to be.
Their growth has been so badly affected that many firms are talking about it openly.
'Would we be able to grow more if there were more local accountants? The answer is undoubtedly yes,' said Dave McCann, partner, human resources, PricewaterhouseCoopers.
Firms are taking the approach of selecting the contracts they feel are most lucrative and those for which they have qualified personnel to handle.