At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, addressed global leaders and business executives about the evolving economic landscape amidst rising geopolitical tensions.
Ngai emphasized that these tensions have fueled significant global uncertainty, leading to increased trade barriers and tariffs that are reshaping the global trade landscape. He noted, \"Businesses need to prepare for a new era of volatility and uncertainty.\"
Despite these challenges, Ngai underscored China's robust economic growth and its increasing influence on the global stage. He stated, \"China remains a vital player in the global economy, and its resilience offers opportunities for businesses worldwide.\"
Ngai's insights resonated with many attendees as businesses worldwide grapple with the implications of shifting trade policies and economic dynamics. His remarks highlighted the importance of strategic planning and adaptability in navigating the complexities of the current economic environment.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
