CEOs go bullish on growth prospects

More than 90 percent of CEOs in China are confident about the growth outlook of their companies, a higher percentage than their global counterparts, a survey from KPMG showed on Tuesday.

KPMG's survey, which gathered responses from 1,261 CEOs worldwide, including 125 from China, revealed that over the next three years, two-thirds of China CEOs are predicting growth of 2 percent or more, while over the next year, 97 percent plan to increase their headcount, both ahead of their global peers.

"China's restructuring process and increasingly sophisticated consumers are leading to both challenges and opportunities, and CEOs are responding to this by embracing technological disruption to innovate their production and distribution models, as well as to create new products," said Benny Liu, chairman of KPMG China.