{"id":333,"date":"2016-11-04T06:10:34","date_gmt":"2016-11-04T06:10:34","guid":{"rendered":"http:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?p=333"},"modified":"2025-12-31T09:42:16","modified_gmt":"2025-12-31T09:42:16","slug":"chinese-family-businesses-cautious-and-conservative-about-future","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/","title":{"rendered":"Chinese Family Businesses Cautious and Conservative about Future"},"content":{"rendered":"<p align=\"left\">As per biannual 2016 Family Business Survey conducted by Pricewaterhouse Coopers, the economic climate is hurting Chinese family businesses, with 75 per cent of Hong Kong businesses citing market conditions as their biggest challenge for the next 12 months. As a result, Chinese and Hong Kong family businesses are now more cautious, with 65 per cent of businesses aiming to grow steadily rather than aggressively this year, up on 2014\u2019s 41 per cent who were aiming for steady growth.<\/p>\n<p align=\"left\">\u00a0Only 73 per cent of Chinese family businesses recorded sales growth in 2016, still higher than the global average of 64 per cent, but down from 84 per cent in the most recent study in 2014. The challenging economic environment has prompted Chinese businesses to explore the use of technology, which explained why 67 per cent of them recognised the importance of digital technology.<\/p>\n<p align=\"left\">\u00a0PwC interviewed 2,802 senior executives from family businesses across 50 countries between May and August. The survey is conducted every two years and is this year\u2019s is the eighth of its kind. One hundred family business senior executives in Hong Kong and China were interviewed for the study.<\/p>\n<p align=\"left\">\u00a0Source: <a href=\"http:\/\/www.pwc.com\/gx\/en\/services\/family-business\/family-business-survey-2016.html\">http:\/\/www.pwc.com\/gx\/en\/services\/family-business\/family-business-survey-2016.html<\/a><\/p>\n<p align=\"left\">\n","protected":false},"excerpt":{"rendered":"<p>As per biannual 2016 Family Business Survey conducted by Pricewaterhouse Coopers, the economic climate is hurting Chinese family businesses, with 75 per cent of Hong Kong businesses citing market conditions as their biggest challenge for the next 12 months. As a result, Chinese and Hong Kong family businesses are now more cautious, with 65 per [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese Family Businesses Cautious and Conservative about Future - Thomas Schmidheiny Centre for Family Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Family Businesses Cautious and Conservative about Future - Thomas Schmidheiny Centre for Family Enterprise\" \/>\n<meta property=\"og:description\" content=\"As per biannual 2016 Family Business Survey conducted by Pricewaterhouse Coopers, the economic climate is hurting Chinese family businesses, with 75 per cent of Hong Kong businesses citing market conditions as their biggest challenge for the next 12 months. As a result, Chinese and Hong Kong family businesses are now more cautious, with 65 per [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/\" \/>\n<meta property=\"og:site_name\" content=\"Thomas Schmidheiny Centre for Family Enterprise\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-04T06:10:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-31T09:42:16+00:00\" \/>\n<meta name=\"author\" content=\"Editorial team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editorial team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/\",\"url\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/\",\"name\":\"Chinese Family Businesses Cautious and Conservative about Future - Thomas Schmidheiny Centre for Family Enterprise\",\"isPartOf\":{\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#website\"},\"datePublished\":\"2016-11-04T06:10:34+00:00\",\"dateModified\":\"2025-12-31T09:42:16+00:00\",\"author\":{\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/36b0b1fce0228ee6b0380926861571cc\"},\"breadcrumb\":{\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chinese Family Businesses Cautious and Conservative about Future\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#website\",\"url\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/\",\"name\":\"Thomas Schmidheiny Centre for Family Enterprise\",\"description\":\"Creating value for families and businesses through research and innovation\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/36b0b1fce0228ee6b0380926861571cc\",\"name\":\"Editorial team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/20fb226145337a9ce5d93494a13b2d55?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/20fb226145337a9ce5d93494a13b2d55?s=96&d=mm&r=g\",\"caption\":\"Editorial team\"},\"sameAs\":[\"https:\/\/blogs.isb.edu\"],\"url\":\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/author\/isb_blog_user_admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chinese Family Businesses Cautious and Conservative about Future - Thomas Schmidheiny Centre for Family Enterprise","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/","og_locale":"en_US","og_type":"article","og_title":"Chinese Family Businesses Cautious and Conservative about Future - Thomas Schmidheiny Centre for Family Enterprise","og_description":"As per biannual 2016 Family Business Survey conducted by Pricewaterhouse Coopers, the economic climate is hurting Chinese family businesses, with 75 per cent of Hong Kong businesses citing market conditions as their biggest challenge for the next 12 months. As a result, Chinese and Hong Kong family businesses are now more cautious, with 65 per [&hellip;]","og_url":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/","og_site_name":"Thomas Schmidheiny Centre for Family Enterprise","article_published_time":"2016-11-04T06:10:34+00:00","article_modified_time":"2025-12-31T09:42:16+00:00","author":"Editorial team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editorial team","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/","url":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/","name":"Chinese Family Businesses Cautious and Conservative about Future - Thomas Schmidheiny Centre for Family Enterprise","isPartOf":{"@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#website"},"datePublished":"2016-11-04T06:10:34+00:00","dateModified":"2025-12-31T09:42:16+00:00","author":{"@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/36b0b1fce0228ee6b0380926861571cc"},"breadcrumb":{"@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/11\/04\/chinese-family-businesses-cautious-and-conservative-about-future\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/"},{"@type":"ListItem","position":2,"name":"Chinese Family Businesses Cautious and Conservative about Future"}]},{"@type":"WebSite","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#website","url":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/","name":"Thomas Schmidheiny Centre for Family Enterprise","description":"Creating value for families and businesses through research and innovation","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/36b0b1fce0228ee6b0380926861571cc","name":"Editorial team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/20fb226145337a9ce5d93494a13b2d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/20fb226145337a9ce5d93494a13b2d55?s=96&d=mm&r=g","caption":"Editorial team"},"sameAs":["https:\/\/blogs.isb.edu"],"url":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/author\/isb_blog_user_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/posts\/333"}],"collection":[{"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/comments?post=333"}],"version-history":[{"count":1,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/posts\/333\/revisions"}],"predecessor-version":[{"id":2103,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/posts\/333\/revisions\/2103"}],"wp:attachment":[{"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/media?parent=333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/categories?post=333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/wp-json\/wp\/v2\/tags?post=333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}