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Recharting the Path to Sustained Outcomes
2021 marked a challenging year as the world attempted to recover from the COVID-19 pandemic amidst the rapidly evolving business and geopolitical climate. To navigate these turbulent times and achieve outcomes that matter, CEOs in China are urged to look beyond short-term financial goals and identify factors that are critical to their company’s long-term growth.
The global economy is likely to face new headwinds amid geopolitical tensions and spiking inflation, with the IMF projecting global growth to slow from an estimated 6.1% in 2021 to 3.6% in 2022 and 2023. Looking into 2022, businesses will likely find themselves in a more challenging environment complicated by macroeconomic volatility, geopolitical tensions, cyber risks, and the increasingly urgent need to transition to a net-zero economy.
PwC’s 25th Annual Global CEO Survey China report explores the global and company-level growth sentiment among executives in Mainland China and Hong Kong, as well as the steps they are taking towards a more sustainable future.
of executives in Mainland China expect global economic growth to improve in the year ahead
of Mainland Chinese CEOs consider the US the most important external market
of Mainland Chinese CEOs have made a net-zero commitment
of Mainland Chinese CEOs are most concerned about health risks impacting their growth prospects
‘Looking into 2022, businesses can expect to face additional challenges posed by macroeconomic volatility, geopolitical tensions, cyber risks, and the increasingly urgent need to transition to a net-zero economy. CEOs in Mainland China and Hong Kong will need to rethink their strategic roadmap for sustainable growth, identifying long-term growth opportunities by going beyond short-term financial metrics, to navigate these turbulent times and ensure sustained outcomes.’