Shanghai, China, 26 Jan – Fifty five percent of international executives intend to invest in China in the next four years in order to increase their number of customers, according to a survey by PricewaterhouseCoopers reported Thursday by Chinese daily newspaper, Shanghai Daily.
The PricewaterhouseCoopers report, published at the World Economic Forum in Davos, Switzerland, also shows that 36 percent of executives plan to invest in India by 2009 and 33 percent aim to make investments in Brazil in the same period.
According to the report’s author Samuel A. DiPiazza Jr, three quarters of executives want to gain more customers while 48 percent give reduced labor costs as the main reason for a possible investment in China.
DiPiazza Jr said in the report, however, that overall the executives’ aim is to get greater access to the Chinese market.
The Chinese economy grew 9.9 percent in 2005, making it the fourth largest in the world, and official forecasts point to this trend being maintained over the next few years.
Consultancy PricewaterhouseCoopers, which has its headquarters in New York, surveyed 1,410 executives from 45 countries to draw up the report published in Davos.(macauhub)