Growth confidence declining among Chinese managers

Chief executive officers have less confidence in growth prospects for their businesses amid China's economic restructuring, even as most of them continued to remain bullish on the size and strength of the Chinese economy, a survey said on Tuesday.

The survey, conducted by global consulting firm PricewaterhouseCoopers, was based on responses from 136 CEOs in the Chinese mainland from October to December 2014.

Thirty-six percent of the respondents remained "very confident" on their company's growth prospects in the next 12 months, down 11 percentage points from the previous year. Confidence in long-term growth has dropped as well, and sits below the global average.