CEOs in China see business grow
Print Edition
MORE chief executive officers in China are confident their business will improve this year along with a recovery in global sentiment, a PricewaterhouseCoopers survey showed yesterday.
In China, 47 percent of CEOs said they are very confident about the growth in company’s income in the next 12 months, up 7 percentage points from last year’s survey, PwC said.
Also, the proportion of CEOs in the world who believe the global economy will improve more than doubled from last year to 44 percent, according to the survey which covered 1,344 CEOs worldwide, with 66 from China.
“Whilst this rise is clearly linked to the ongoing global recovery, it is also due to the continued strong performance of the domestic economy,” the survey said.
China continues to be the most important market for the global CEOs as 33 percent of them prioritize the market, but the gap with the US, which came in second, narrowed to 3 percentage points from 9 last year.
However, over the long term, half of the CEOs in China said they are positive about business growth, down from 56 percent in last year’s survey.
The survey attributed the fall to economic and social reforms that may dent Chinese business growth in the next few years.
Chinese CEOs identified technology advances, urbanization and shifts in global economic power as the three major trends that may transform their businesses.
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