Davos Summit CEOs see China remaining global growth engine

January 27th, 2011 - 2:22 pm ICT by ANI  

Davos (Switzerland), Jan.27 (ANI): World business leaders continue to see China as the engine of global economic growth despite the tremendous challenges it faces in shifting from an investment and export-led development pattern to a consumer-led one in the coming years.

Of the 1,201 global business executives surveyed in Price Waterhouse Cooper’s 14th Annual Global CEO Survey, 39 percent said China would remain the leading growth engine, while 21 percent cited the United States, 19 percent named Brazil and 18 percent pointed to India.

Global CEOs also saw China, the US and India as the most important future sources of products and raw materials.

The findings of the poll were released on the eve of the annual meeting of the World Economic Forum (WEF) in the Swiss ski resort of Davos, the China daily and the Xinhua news agency reports.

The four-day event in the Swiss Alps brings together at least 35 national leaders, including the presidents of Russia and France, and over 1,400 business chiefs. (ANI)

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