At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, delivered a compelling address on the challenges and opportunities facing global businesses amid escalating geopolitical tensions. He emphasized that these tensions have fueled significant uncertainty worldwide, impacting trade and economic stability.
Ngai predicted a restructuring of the global trade landscape, driven by increasing trade barriers and tariffs. He noted that businesses must adapt to these changes by developing strategies that account for volatility and uncertainty.
Despite these challenges, Ngai underscored the resilience and robust growth of the Chinese mainland's economy. He highlighted China's increasing influence on the global stage, suggesting that it will continue to play a critical role in shaping the future of international trade and economic development.
\"In the face of global uncertainty, businesses must prepare for volatility,\" Ngai stated. \"China's strong economic growth offers significant opportunities for those willing to navigate the complexities of the current trade environment.\"
Ngai's insights provided valuable perspectives for business leaders and investors attending the forum, emphasizing the importance of adaptability and forward-thinking in navigating the evolving global economic landscape.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
