At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, addressed global business leaders amidst escalating geopolitical tensions.
Ngai emphasized that these tensions have fueled significant uncertainty in international markets. He predicted a restructuring of the global trade landscape driven by increasing trade barriers and tariffs.
\\"Businesses worldwide must prepare for volatility,\\" Ngai stated. \\"The challenges posed by geopolitical shifts are reshaping how trade is conducted on a global scale.\\"
Despite these obstacles, Ngai highlighted China's robust economic growth and its expanding influence on the global stage. He noted that China's economy continues to be a driving force, offering opportunities for investors and businesses alike.
\\"China remains a pillar of stability amid global uncertainty,\\" he added. \\"Its sustained growth and commitment to international collaboration are vital for the future of global trade.\\"
Ngai's insights at Davos underscore the need for businesses to adapt to an evolving economic environment. As trade dynamics shift, companies are encouraged to seek new strategies that align with the changing landscape while leveraging opportunities presented by China's economic ascent.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
