Tech adoption underpins positive outlook

Chinese companies' embrace of new technologies has given them a more positive outlook on their development prospects, according to global market consultancy EY's Growth Barometer report released on Tuesday.

According to the latest survey, about 43 percent of the Chinese companies interviewed predict their annual turnover growth will be above 10 percent this year, which is higher than companies in the rest of the world. This also exceeds the International Monetary Fund's forecast for China's annual GDP growth rate of 6.6 percent this year.

Another 45 percent of the Chinese companies interviewed believe their income will increase between 6 and 10 percent this year.