More and more local Chinese enterprises are looking to the services of heavyweight consulting companies in order to stay on the cutting edge as the market competition gets fiercer.

A survey report released by Bearing Point, an United States-based consulting corporation, showed that over 50 percent of the Chinese consulting market has been grabbed by consulting multinationals like Mckinsey Company, Roland Berger and Parter International Management Consultants and Boston Advisory Company.

"China will enter its heyday for management consulting in the next few years," said Huang Hui, senior vice president of Bearing Point.

According to him, the present advisory services mainly focus on the establishment of enterprises' developing strategy, optimization of management structure and the improvement of financing status.

Having built its two global developing centers in Dalian, northeast China, and Zhangjiang High Technology Park of Shanghai, respectively, the two-year-old Bearing Point has grown into the largest overseas consulting company in China, employing more than 1,000.

"To meet the expanding market demand, we've planned to increasethe total of our employees to 6,500 within the next four years," said Huang.

Source: Xinhua