E&Y Maps out China Growth Spurt

Big Four firm Ernst & Young revealed that it plans to set up at least two more offices, and possibly as many as four, in China in 2005, according to firm partner Conway Lee. Lee told China Daily that, "Cities such as Tianjin, Chongqing and Shenyang would be clear next steps in our expansion plan." He added that establishing a presence in those locations will extend the company's reach in the huge market in China, where it currently has nine offices and 4,000 employees. In 2004, E&Y opened locations in Dalian in Northeast China's Liaoning Province, and Wuhan, the capital of Central China's Hubei Province. After 2005, Lee said that the company would grow its China network by two to three offices each year.