At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, emphasized that geopolitical tensions have fueled significant global uncertainty. He predicted a restructuring of the global trade landscape driven by trade barriers and tariffs.
Despite these challenges, Ngai underscored China's robust economic growth and its increasing influence on the global stage. He noted that China's economy remains strong and continues to play a critical role in the global economy.
Ngai's remarks highlight the need for businesses to prepare for volatility and uncertainty. He suggested that companies adapt to the changing global landscape by reevaluating strategies and seeking new opportunities amidst the evolving trade environment.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
