McKinsey China's Joe Ngai Highlights Resilience Amid Global Uncertainty at Davos 2025
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. He emphasized how escalating geopolitical tensions have injected significant uncertainty into the international landscape.
\"The world is navigating through unprecedented volatility,\" Ngai remarked. \"Trade barriers and tariffs are reshaping the global trade landscape, prompting businesses to rethink their strategies.\"
Ngai predicted a substantial restructuring of global trade, driven by the rise of protectionist policies. He urged companies to adapt to these changes by embracing innovation and seeking new markets.
Despite these challenges, Ngai expressed optimism about China's economic trajectory. \"China's robust economic growth continues unabated,\" he stated. \"Its increasing influence on the global stage presents immense opportunities for businesses prepared to engage with the Chinese market.\"
He highlighted China's advancements in technology, infrastructure, and sustainable development as key drivers of its growth. \"Businesses that align with these priorities are well-positioned to thrive in this new era,\" Ngai concluded.
The forum provided a platform for leaders to discuss global economic trends, and Ngai's insights offered valuable perspectives for investors, entrepreneurs, and policymakers looking to navigate the complexities of the current environment.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
