The Interview
Summary
Joe Ngai, a leader at McKinsey consulting in China, says Chinese companies mostly compete with each other, not Western firms. He explains that this tough competition at home helps Chinese companies become stronger when they do business around the world.Key Facts
- Joe Ngai is Chairman of McKinsey’s China region.
- Chinese companies often go out of business because of rivalry with other Chinese firms, not Western companies.
- This domestic competition forces Chinese companies to improve and become more competitive globally.
- Joe Ngai has advised senior leaders of Chinese and multinational companies.
- He has written many reports and books on China’s economy.
- China joined the World Trade Organization 25 years ago, changing its market significantly.
- The interview also discusses the growth of AI and how China manages competition with U.S. companies.
- The interview is part of BBC’s program "The Interview," which features conversations with global leaders.
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