Nation's family companies bullish on business outlook

Chinese family enterprises have seen much stronger growth than the global average and are bullish about growth in the next five years, PricewaterhouseCoopers said in a report on Tuesday.

The survey was conducted by interviewing top executives of 2,848 family companies in more than 40 countries, each with annual sales of $5 million to $1 billion.

More than 80 companies in the survey were from China, and they were mainly in manufacturing, retail and commerce, PwC China Consulting Partner Roger Ng said.