China will become the largest market for Deloitte by 2020, according to Deloitte Global CEO William G. Parrett. Parrett says that the accounting firm is making increasing investment in China, with US$150 million promised to be invested in the country for talent recruitment. Deloitte currently employs 6,500 people in 10 offices in China. In addition, Peter Bowie, CEO of Deloitte China, states that Deloitte places great emphasis on Chinese talent training. The accounting firm has set up the Deloitte Institute as well as training centres in Beijing, Shanghai and Hong Kong.