Joe Ngai, chairman of McKinsey China, emphasized the significance of the Chinese mainland as the most competitive market worldwide. Highlighting that product innovation there occurs three times faster than in other regions, Ngai stressed the invaluable opportunity for multinational companies.
He explained that achieving success in the Chinese mainland is a strong indicator of a company's ability to thrive on a global scale. \"As long as multinational companies can succeed in the Chinese mainland, they can succeed anywhere,\" Ngai told CGTN.
This perspective underscores the Chinese mainland's pivotal role in shaping global business strategies. Companies looking to expand internationally may consider focusing their efforts on the dynamic and rapidly evolving Chinese market to secure worldwide success.
Reference(s):
McKinsey China chair: If you succeed in China, you'll succeed anywhere
cgtn.com
