A new survey says that a majority of the CEOs of multinational companies are bullish on the Asia-Pacific region and China as well.
Financial services firm Price Waterhouse Coopers surveyed more than 600 CEOs from a wide range of economies and found that 67% of executives plan to increase their investments in the Asia-Pacific region during the next 12 months. Forty-six percent of the CEOs of Asia-Pacific based companies that were surveyed say they’re optimistic about the prospects of revenue growth.
Most of the CEOs say that although China is facing a slowdown, that does NOT affect their confidence in the country’s economy.
"China’s structural reforms have eradicated some over-capacities. With urbanization and the rise of the middle class, the driving force for the Chinese economy will be service trade and the service sector," says Wu Weijun, partner of PWC China.