A slowdown in trade and manufacturing, geopolitical uncertainty and a drop in foreign direct investment are some of the factors that have impacted the global macroeconomic environment over the past 12 months. PwC’s 23rd Annual Global CEO Survey China Report sheds light on how executives are navigating this environment and their strategies for enhancing growth and profitability.
Please note that since the survey period September to October 2019 was prior to the COVID-19 outbreak in late January 2020, the results do not reflect the CEO sentiments due to the impact of the COVID-19. The survey results are a barometer of the CEO sentiments primarily due to US-China trade tensions, therefore the results should be interpreted in that context.
"A major challenge in society today is a growing need to address the skills gap created by automation and a lack of qualified talent. Chinese firms are encouraged to address the digital skill gap through employee upskilling programmes and workflow redesign"
Chinese businesses have a key role to play to get ahead of the potential risks to growth and turn them into sources of competitive advantage.
Allocate resources strategically and remain agile to new opportunities that emerge
Continuously engage with policymakers to foster an open information exchange
Build capacity around detection and prevention of digital risks
Integrate socially responsible practices into business operations to mitigate social and environmental costs
Leverage policy measures and government-led initiatives to enhance growth
Put in place frequent workforce analysis and utilise upskilling programmes to re-educate employees and build trust
We’ve combined the insights from more than 3,500 CEO interviews with expert analysis to produce a series of reports across industries and critical topic areas. Stay tuned and explore our industry themes to learn about crucial trends and strategic options.