China’s consulting market is growing by double-digits, with the Big Four grabbing much of the new business, according to a new report.
London-based market researchers Source Global Research released the report Nov. 4, showing that China’s corporate advisory market grew by 13.4% to $6 billion in 2018. The surge—a positive sign for accounting giants pushing to increase their consulting arms—makes China the second-fastest growing consulting market globally behind India (17.4%), and ahead of developed markets such as the U.K. (5.6%) and U.S. (8.5%).
• Accounting firms, predominantly the Big Four, are growing their share of the market as Chinese domestic...