
Multinationals Turn to China for Global Innovation Lessons
McKinsey China chair Joe Ngai says multinationals are now learning from the Chinese mainland’s competitive edge at Summer Davos 2025 and applying these insights globally.
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McKinsey China chair Joe Ngai says multinationals are now learning from the Chinese mainland’s competitive edge at Summer Davos 2025 and applying these insights globally.
Joe Ngai, chairman of McKinsey China, highlights the Chinese mainland as the world’s most competitive market, with product innovation three times faster than other regions. He asserts that multinational companies succeeding in China can achieve global success.
A McKinsey report forecasts AI will automate one-third of working hours in the US and Europe by 2030, reshaping global labor markets.
McKinsey China Chairman Joe Ngai asserts that China’s unparalleled supply chain remains unrivaled, despite trends like reshoring and de-risking.