At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, took center stage to address the pressing issue of global uncertainty fueled by escalating geopolitical tensions.
In his speech, Ngai highlighted how trade barriers and tariffs are reshaping the global trade landscape. \"We are witnessing a significant restructuring in how nations interact economically,\" he stated. \"Businesses must adapt to a world where volatility and uncertainty are the new normal.\"
Despite these challenges, Ngai emphasized the resilience and robust growth of the Chinese mainland's economy. He noted that China's increasing influence on the global stage offers both opportunities and complexities for international businesses.
\"China's economic momentum is undeniable,\" Ngai said. \"As it continues to grow, it will play a pivotal role in shaping global economic trends.\"
Ngai urged business leaders and investors to prepare for the shifting dynamics by adopting flexible strategies and embracing innovation. \"Those who can navigate uncertainty will find new avenues for growth,\" he concluded.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
