At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, addressed global business leaders on the mounting uncertainties in the international arena. Ngai emphasized that geopolitical tensions have fueled significant global uncertainty, affecting economies and businesses worldwide.
He predicted a restructuring of the global trade landscape, driven by increasing trade barriers and tariffs. According to Ngai, these developments are reshaping how countries and companies engage in international trade, necessitating strategic adjustments from businesses.
Despite these challenges, Ngai underscored China's robust economic growth and its increasing influence on the global stage. He highlighted how the Chinese mainland continues to be a pivotal force, offering opportunities for businesses that can navigate the complexities of the current environment.
Ngai assured that businesses are prepared for volatility and uncertainty. He encouraged companies to be adaptable and forward-thinking, leveraging new strategies to thrive amid changing global dynamics.
His insights provide a nuanced perspective on the interplay between geopolitical tensions and economic opportunities, emphasizing that with the right approach, businesses can overcome challenges and capitalize on emerging trends.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
