CEOs in China are “more confident or as confident” than a year ago about launching new products
rely on business partnerships to secure growth overseas
are automating certain functions in their organisation
plan to increase global investments next year
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The global business and trade environment is in flux. The US and Britain have disrupted long held free trade agreements and this rising economic nationalism is affecting business strategies and opportunities globally.
In light of global developments such as US’s exit from Trans-Pacific Partnership (TPP), China has emerged as the new leader for global trade and the voice of inclusive globalisation. As Chinese companies become more prominent globally, they are pursuing innovation and technological advancement due to an increasingly competitive domestic and international landscape.
With these evolving realities, PwC’s 2017 APEC CEO Survey asked 202 business leaders in mainland China and Hong Kong about their perception of trade trends, how businesses are organising themselves, their operational challenges, their outlook and expectations with new trade orientations.