[Image courtesy of www.ey.com/china]
China Direct would like to thank Ernst & Young for sharing the following Chinese CEO's capital confidence survey with our readers.
Executive Summary as follows:
- Chinese companies more likely to make acquisitions than global peers
- Local economic confidence high 82% but confidence in global economic recovery wanes
- Organic growth and research and development no 1 and 2 focus for Chinese executives
- A third likely to make markets acquisitions in next six months, but increases to 51 % in 12 months
- Chinese executives on the lookout for value and well positioned to make strategic acquisitions quickly should the opportunity arise – no matter what time horizon
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