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CEOs brace for a dual-imperative world amid China’s reopening
For over two decades, the PwC Annual Global CEO Survey has offered a rare glimpse into the minds of CEOs from all around the world. This year, to celebrate its 26th anniversary, the survey was extended to 105 countries and territories, with responses from 4,410 CEOs.
The China report is especially noteworthy, as the results came out in tandem with the latest economic reopening of the country as it seeks to resume growth amid the COVID-19 pandemic, and shed light on what new challenges and opportunities mean for business leaders, as they explore what it takes to operate in our dual-imperative world. They will likely find themselves in a new race to ensure business viability and profitability today, while rebalancing priorities to drive sustainable growth for tomorrow.
of Mainland Chinese CEOs are highly optimistic about their revenue growth in the coming year
of Mainland Chinese CEOs consider geopolitical conflict the biggest threat in the short-term
of Chinese organisations completed innovation of new, climate-friendly products/ processes
of Chinese CEOs believe their business will no longer be economically viable after a decade
‘Chinese businesses will find themselves in a more volatile environment in 2023 as they face growing inflation caused by demand recovery, geopolitical risks, health risks and climate change. Although China’s reopening has injected optimism into the global economy, CEOs in Mainland China and Hong Kong will still need to master the balancing act of running today's race and navigating long-term economic viability with investments that strengthen their capabilities.’
Managing Partner of Regional Economic Clusters and South Markets, Shenzhen Office Lead Partner, China Financial Services Leader, PwC China
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