The world's top accounting firm Price Waterhouse Coopers has announced that it will set up an office in Tianjin next year, a city close to Beijing.
The company plans to recruit close to 200 people for its Tianjin office.
Experts say Tianjin's fast development and China's entry into WTO have attracted more foreign firms.
Over the first five months of this year, foreign-funded firms in Tianjin reported a total output value of nearly 50 billion yuan (US$6.02 billion), with a 10 percent profit margin which leads the country.
Price Waterhouse Coopers has over 800 offices in some 150 countries, providing services for businesses involved with energy, telecommunications and entertainment.
(Xinhua News Agency November 19, 2001)
