Earlier this year, McKinsey China's Chairman Joe Ngai made headlines with his viral remark, \"The next China is China.\" In a recent conversation with CGTN anchor Guan Xin, Ngai reiterated his conviction, stating, \"The next China is only China,\" after six months of observation.
Despite ongoing discussions around reshoring, friend-shoring, and de-risking supply chains, Ngai remains confident that China's supply chain advantages are unmatched and cannot be replicated elsewhere. His insights highlight the enduring strength of the Chinese mainland's manufacturing and logistics capabilities, solidifying its position as a pivotal player in global business and economics.
Reference(s):
cgtn.com
