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McKinsey's Joe Ngai: China offers the world numerous opportunities


In an interview with CGTN at the World Economic Forum (WEF), Joe Ngai, chairman of McKinsey China, highlighted the prevailing mood of uncertainty among business executives and leaders around the world due to elections, wars, and economic projections of only 2.5 percent growth.

Ngai also stated that despite the challenges, China's economic outlook remains favorable, with growth projected at 4.5 to 5 percent, offering exciting opportunities in areas such as sustainability, technology, and innovation.

However, multinational corporations and domestic players face intense competition and must continuously improve to succeed in the Chinese market. The WEF 2024 annual meeting emphasized the importance of trust-building and collaboration. Trust in China remains strong, but efforts to deepen and maintain that trust are necessary.

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