At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, addressed global business leaders on the escalating geopolitical tensions and their impact on global markets. Ngai highlighted that these tensions have introduced significant uncertainty into the global economic landscape.
\"We are witnessing a restructuring of global trade,\" Ngai stated, pointing to the increasing trade barriers and tariffs affecting international business. He emphasized that companies need to be prepared for volatility and adapt to the changing environment.
Despite these challenges, Ngai expressed optimism about China's economic trajectory. He underscored China's robust economic growth and its expanding influence on the global stage. \"China continues to play a pivotal role in the global economy,\" Ngai remarked, suggesting that businesses should consider China's market opportunities amid the shifting trade dynamics.
Ngai's insights at Davos come at a critical time when businesses worldwide are navigating the complexities of geopolitical shifts. His observations provide valuable guidance for entrepreneurs, investors, and policymakers aiming to understand and adapt to the evolving economic landscape.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
