At the 2025 World Economic Forum in Davos, McKinsey Greater China Chairman Joe Ngai dropped some truth bombs about our volatile global economy . With geopolitical tensions hotter than a K-pop fandom war
, he warned that trade barriers and tariffs are reshaping international commerce like never before.
Ngai compared the current situation to a high-stakes chess game : 'Businesses must anticipate moves years ahead while balancing short-term risks.' But here's the plot twist: despite the chaos, he spotlighted China's economy as a stabilizing force – think of it as the Avengers assembling amidst Thanos-level uncertainty
.
Three key takeaways for global watchers:
- Supply chains are getting a Marvel Cinematic Universe-level reboot (expect more 'regionalized' production)
- Tech innovation
and green energy investments
are China's new superpowers
- Young professionals should watch Asia-Pacific markets like they binge Netflix shows – closely and consistently
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com