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64 pct of PwC China CEOs stay optimistic on China's economic prospects

January 20, 2023


Abstract : 64 percent of CEOs from PricewaterhouseCoopers (PwC) China stay optimistic on China's economic prospects, according to a report released by PwC Wednesday during the World Economic Forum (WEF) in Davos, Switzerland, reported China Securities Journal.

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BEIJING, Jan. 20 (Xinhua) -- 64 percent of CEOs from PricewaterhouseCoopers (PwC) China stay optimistic on China's economic prospects, according to a report released by PwC Wednesday during the World Economic Forum (WEF) in Davos, Switzerland, reported China Securities Journal.

PwC, the global auditing and consulting firm, found that compared with global CEOs, regional CEOs from Asia-Pacific are relatively optimistic about their domestic economic prospects. Among them, 64 percent of CEOs in China, 57 percent in India and 50 percent in Indonesia are optimistic about their domestic economic prospects, compared with 29 percent globally.

The report says multiple factors are prompting the company to rethink their business models in many ways. Asia-Pacific CEOs are now planning to reassess market layouts or expand into new markets, adjust supply chains, and diversify products or services.

The report is based on a survey involving 4,410 PwC CEOs in three main regions, including North America, Western Europe and Asia Pacific.

(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)

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Keyword: PwC China's economic prospects

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