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Olé grail

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.

23-Apr-2012

4:59 pm