Joe Ngai, McKinsey: Domestic rivalry drives Chinese firms
About this episode
Joe Ngai discusses the competitive landscape of Chinese firms and their challenges in the domestic market.
“More Chinese companies are put out of business by other Chinese companies. Chinese companies are not put out of business because of Western companies, so this whole competition is not, from a Chinese guy's mind, like a US-China competition. It’s more ‘how do I survive this gym?’ because it's damn hard to keep staying alive at home. That in turn makes you very competitive in the rest of the world.” Maura Fogarty speaks to Joe Ngai, Chairman of the China region for global consulting firm McKinsey. He advises senior management at Chinese and multinational corporations in the region which gives him a unique insight into the world’s second-largest economy. Having written numerous books and reports on China’s economic landscape, Ngai’s expertise has been recognised by accolades from the likes of Forbes China and Bloomberg. In this interview, we hear his thoughts about how the Chinese market has changed in the 25 years since the country joined the World Trade Organisation, and on how AI is developing and managing tensions with US competitors. Thank you to the Asia Business team for their help in making this programme. The Interview brings you conversations with people shaping our…
People in this episode
Host: Maura Fogarty
Guest: Joe Ngai
Topics covered
- Chinese economy
- domestic competition
- US-China relations
- AI development
- business strategy
Keywords
- Chinese companies
- competition
- McKinsey
- AI
- economic landscape
Mentioned in this episode
Organizations: McKinsey, Forbes China, Bloomberg, BBC World Service
Places: China, US
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