At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, highlighted the increasing volatility businesses face due to rising geopolitical tensions. Ngai anticipates a significant restructuring of the global trade landscape, driven by new trade barriers and tariffs. Despite these uncertainties, he emphasized China's strong economic growth and its growing influence on the international stage, positioning it as a key player in navigating the evolving market dynamics.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
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