CEOs eye Chinese consumers
By Jane Feng |
November 4, 2011, Friday
|
Print Edition
Print Edition
CHINA'S huge consumer market will be the driving force for investment in the next three to five years, according to a survey by PricewaterhouseCoopers.
The survey revealed that 44 percent of Asian-Pacific CEOs eye Asia and particularly China as places to invest a large portion of their funds in the next three to five years as they are "convinced about the rising spending power in the region."
The survey, released yesterday, also revealed that 55 percent of CEOs, who plan to invest in China in the next three to five years, will channel their investment to the consumer market.
Only 11 percent of CEOs chose the United States as their preferred investment spot, the survey said.
Official data showed China's economy grew 9.1 percent in the third quarter against a 1.6 percent growth in the US in the same quarter and a rise of 1.6 percent in eurozone in the second quarter.
The survey is done among 320 industry leaders from July to September this year.
The survey revealed that 44 percent of Asian-Pacific CEOs eye Asia and particularly China as places to invest a large portion of their funds in the next three to five years as they are "convinced about the rising spending power in the region."
The survey, released yesterday, also revealed that 55 percent of CEOs, who plan to invest in China in the next three to five years, will channel their investment to the consumer market.
Only 11 percent of CEOs chose the United States as their preferred investment spot, the survey said.
Official data showed China's economy grew 9.1 percent in the third quarter against a 1.6 percent growth in the US in the same quarter and a rise of 1.6 percent in eurozone in the second quarter.
The survey is done among 320 industry leaders from July to September this year.
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