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Asia-Pacific CEOs see bright prospects
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CHIEF executives in Asia-Pacific expressed strong confidence about business prospects despite slower economic growth in China, according to a PricewaterhouseCoopers report yesterday.
Forty-six percent of executives in the region said they are “very confident” of revenue growth in the next 12 months, up 10 percentage points from 2012 and 4 points from last year, PwC said in a 2014 New Vision for Asia-Pacific survey.
“There’s no doubt that China is slowing down. But that doesn’t mean that it has lost, or losing its luster, among business leaders,” said Elton Huang, PwC China Shanghai senior partner. “In fact, our survey respondents who already have a presence in China are more confident in the Chinese market for their products and services than they are about the international market.”
Even adjustments to China’s economic structure have not fazed foreign investors who continued to be optimistic, Huang added.
The survey, which covered 635 business leaders in 39 countries and regions, of which 15 percent are from China, also found that 67 percent of executives plan to boost investment in the Asia-Pacific region over the next 12 months.
China, the United States, Indonesia and Singapore are the most popular destinations for investment out of the 21 member economies of APEC.
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