Olé grail

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  • The Chinese economy is developing so quickly, and Chinese organisations are moving up the value chain so remorselessly and effectively, that I would expect at least some of the leading China-based firms to be world-class within 5 years at most.
    Dacheng and Yingke are seeking scale and will be £1 billion + turnover far quicker than one expects (particularly as the Chinese currency will appreciate strongly against the pound and dollar).
    The likes of Broad & Bright, Jun He and Zhong Lun are already doing sophisticated work for major multinationals and will keep driving forward until their quality is at least as good as the magic circle.

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