View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
November 12, 2018

China family businesses outperform global counterparts

Family businesses in China have higher sales growth compared to their global peers and are more focussed on digitalisation, according to a survey by PwC.

In the last 12 months, family businesses on the mainland were found to report a 75% sales growth as against the global average of 69%.

Of this, 67% of family businesses in the mainland reported double digit year-on-year growth, compared to the global average of 34%.

Mainland family business executives were also better strategic planners, according to the study.

Ninety six percent of mainland family business executives were found devising a strategic plan for the next three to five years, versus the global proportion of 79%.

The study also found 26% of family businesses in China expressing quick and aggressive growth aspirations over a two-year time period. In the case of global peers, this figure was 16%.

At the same time, decision makers in mainland and Hong Kong were found less vulnerable to digital disruption compared to their global peers.


Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Private Banker International