At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, emphasized the significant global uncertainty fueled by ongoing geopolitical tensions.
Speaking to a gathering of international business leaders and policymakers, Ngai highlighted how trade barriers and tariffs are driving a restructuring of the global trade landscape. He noted that companies worldwide must navigate an increasingly complex environment marked by volatility and uncertainty.
Despite these challenges, Ngai underscored the robustness of China's economic growth. "China continues to demonstrate strong economic momentum," he stated. "Its increasing influence on the global stage presents numerous opportunities for businesses prepared to adapt."
Ngai's insights reflect a broader discussion at the forum about the shifting dynamics of international trade and the pivotal role of Asia in the global economy. Attendees were urged to consider the implications of geopolitical developments and to explore strategies for resilience in the face of change.
As businesses worldwide grapple with uncertainty, leaders like Ngai advocate for proactive adaptation and highlight the potential within the Chinese mainland's dynamic economy.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
