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McKinsey Greater China Chairman Highlights Business Resilience Amid Global Uncertainty

Businesses Prepared for Volatility and Uncertainty, Says McKinsey Greater China Chairman

At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, addressed global leaders and business professionals on the pressing issue of geopolitical tensions and their impact on the global economy. Ngai emphasized that these tensions have significantly fueled global uncertainty, leading to a challenging environment for businesses worldwide.

He pointed out that trade barriers and tariffs are reshaping the global trade landscape. \"We are witnessing a restructuring of international trade,\" Ngai remarked. \"Businesses need to be agile and adaptable to navigate the complexities brought about by new trade policies and geopolitical shifts.\"

Despite these challenges, Ngai highlighted China's robust economic growth and its increasing influence on the global stage. \"China continues to demonstrate resilience and strength in its economy,\" he stated. \"Its expanding role in global markets presents both opportunities and responsibilities.\"

Ngai encouraged businesses to prepare for continued volatility and uncertainty. He suggested that companies invest in understanding regional markets, develop flexible strategies, and foster innovation to remain competitive. \"In an era of rapid change, those who are prepared will not only survive but thrive,\" he concluded.

The insights shared by Ngai reflect a broader sentiment among global business leaders regarding the importance of adaptability in the face of uncertainty. As trade dynamics evolve, organizations operating in Asia and beyond are urged to reassess their approaches to ensure sustained growth and success.

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