Half China's CEOs very confident, PwC finds

Business leaders are bullish onurbanization, innovation, R&D

Faith in China's economy, the world's second largest, is increasing and about half the country's chief executive officers are "very confident" in their company's prospects over the next 12 months, a survey showed. Globally, 33 percent of CEOs rank China as their top market for expansion in the period.

PwC's 17th Annual Global CEO Survey polled 1,344 corporate heads in 68 countries from October through December, including 66 from the Chinese mainland. It showed that compared with the previous year, twice as many CEOs around the world believe the global economy will improve in the next 12 months.