Davos, Switzerland – At the World Economic Forum 2025, Joe Ngai, chairman of McKinsey Greater China, addressed global leaders and business professionals about the shifting dynamics of the global economy. Amid escalating geopolitical tensions, Ngai emphasized that businesses worldwide must brace for increased volatility and uncertainty.
\"We are witnessing a significant restructuring of the global trade landscape,\" Ngai stated. He pointed out that new trade barriers and tariffs are emerging, reshaping how countries and companies interact on the international stage. This shift, he suggested, requires businesses to adapt swiftly to maintain resilience and competitiveness.
Despite these challenges, Ngai highlighted the Chinese mainland's robust economic growth and its expanding influence globally. \"The Chinese mainland continues to be a powerhouse, driving innovation and offering vast opportunities for collaboration,\" he noted. Ngai urged global investors and businesses to stay engaged with the region, citing its pivotal role in the future of global trade and economics.
The chairman's insights resonated with many attendees, especially those looking to navigate the complexities of a changing economic landscape. His remarks underscored the importance of strategic planning and the need to embrace uncertainty as a catalyst for growth and innovation.
As the world grapples with evolving geopolitical realities, Ngai's perspective offers a roadmap for businesses seeking to thrive amid change. By acknowledging the challenges and leveraging the strengths of key regions like the Chinese mainland, companies can position themselves for success in this new era.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
