To better understand the challenges and opportunities facing China, the IBM Institute for Business Value in cooperation with Oxford Economics surveyed 1,150 executives from across China. Survey respondents represented a variety of industries and included executives from Chinese corporations, start-up enterprises, the government sector and educational institutions.
This report shares the executives’ vision for the Chinese economy, and proposes actions to help spark growth and positive change.
The Chinese executives surveyed see the current economic environment in China as encompassing five main challenges – immature services sector, declining domestic consumption growth, lending decisions creating over investment in some sectors, declining export growth and environmental issues impacting economic development.
The article identifies the six most important ways to accelerate China’s growth according to the executives:
Despite challenges, Chinese executives are optimistic about the country’s economic growth prospects. In fact, 93 percent of executives believe China will maintain stable to high growth of more than 5 percent over the next five years. And almost a quarter of them believe China will be able to return to its recent very high growth rates in excess of 8 percent.
Namit Agrawal, Steve Ballou, Kathy Cloyd, Angela Finley, Kathleen Martin, Lily Wang and Ying Zhan contributed to this article.
Davidson, S., Ding, W. and Marshall, A. (2017), "How Chinese executives view economic challenges and global opportunities", Strategy & Leadership, Vol. 45 No. 3, pp. 30-37. https://doi.org/10.1108/SL-04-2017-0036
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