What is China’s biggest economic challenge for the next 20 years?
A conversation on the McKinsey Global Institute’s new report on the reskilling of China’s workforce
Mar 10, 2021•31 min
McKinsey Greater China
The leading management consulting firm in Greater China
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Episodes
When will the Chinese economy get back to normal?
McKinsey experts discuss developments in the Chinese economy in 2021.
Feb 23, 2021•30 min
Has COVID-19 infected the Chinese private equity industry?
Partners from McKinsey’s Private Equity and Principal Investors practice discuss the state of play in China’s private equity industry
Sep 04, 2020•24 min
Is Chinese industry emerging from COVID-19 stronger than ever?
Chinese industry is proving to be surprisingly resilient as it comes out of the COVID-19 crisis.
Jun 05, 2020•30 min
Has COVID-19 changed the Chinese consumer for good?
As China emerges from COVID-19, consumers are starting to spend again. How has the crisis changed them?
May 28, 2020•32 min
How COVID-19 is fast-forwarding 5 key trends in China
A new report by the partners of McKinsey’s Greater China region looks at how COVID-19 is accelerating five trends that are shaping the Chinese economy and society.
May 06, 2020•35 min
What’s driving the Chinese economy in 2020?
2020: A new year, a new decade, so what lies ahead? In this episode of the McKinsey on China podcast, Nick Leung chats with Gordon Orr and Jonathan Woetzel about what’s driving the economy—and what’s not. The Chinese consumer continues to power economic growth. Any potential increases in exports from the recently concluded trade deal with the US, however, will not. This podcast also covers China’s emerging role as a leader in smart manufacturing, technology decoupling between China and the US, a...
Jan 24, 2020•27 min
Has China reached peak integration with the world?
Trillions of dollars of GDP depend on China’s integration with the rest of the world
Jul 02, 2019•31 min
How confident is the Chinese consumer?
In a slowing economy, consumer-facing companies in China need fresh strategies to remain competitive.
Jun 10, 2019•27 min
The state of the Chinese economy
The state of the Chinese economy
Mar 06, 2019•22 min
What Might Happen in China in 2017?
Every year at about this time, Gordon Orr shares his predictions for what might happen in the Chinese economy in the year ahead. This year, among several forecasts he makes, Gordon looks at what the Chinese leadership is likely to do to maintain the economic growth it needs to keep factories running and create enough jobs. In this podcast, Gordon joins Nick Leung and Joe Ngai for a conversation on what lies ahead for China in 2017. Gordon is formerly a senior partner with McKinsey and is now a s...
Jan 25, 2017
Is There a Method to the “Madness” of Chinese Outbound M&A?
The volume of Chinese outbound M&A has picked up over the past few years, and several very large deals have captured news headlines. But what are the real forces driving the market for cross-border M&A? And how big is it, really? In this podcast, Nick Leung attempts to clear up some of the myths and misperceptions surrounding this rapidly changing market with David Cogman and Paul Gao. David and Paul are Partners in McKinsey’s Hong Kong office. Nick is Managing Partner of McKinsey’s Grea...
Jan 10, 2017
Is Chinese Biopharma a Role Model for Reform and Innovation?
Once known for producing generic drugs and performing contract research for Western pharmaceutical companies, China’s biopharmaceutical industry today is marked by investments in research and development by homegrown companies that are driving the sector to new levels of innovation and growth. In this podcast, Nick Leung, Franck LeDeu and Fangning Zhang discuss whether China’s biopharma sector could become a role model for reform and innovation for the rest of the economy. Franck and Fangning ar...
Dec 06, 2016
Who Will Win the Race for China’s Fintech Sector?
China’s internet finance sector has taken off in recent years. But as competition heats up and growth inevitably cools, the battle between fintech attackers and incumbent financial institutions will get more intense. In this podcast, Nick Leung discusses this topic with Joe Ngai and Xiyuan Fang. Joe and Xiyuan are Partners who lead McKinsey’s Financial Institutions Practice in China. Nick is Managing Partner of McKinsey’s Greater China Practice.
Sep 09, 2016
Has China’s Auto Market Hit a Speed Bump?
While China’s auto market is cooling down from its days of double-digit growth, a new report on Chinese auto buyers identifies several new areas of potential growth. In this podcast, Nick Leung discusses the findings from this report with Paul Gao, Daniel Zipser, and Wouter Baan. They’re Partners with McKinsey’s Auto and Consumer Practices in China. Nick Leung is Managing Partner of McKinsey’s Greater China Practice. Download the complete report here ....
May 12, 2016
How Healthy Are Chinese Consumers?
Despite the gloomy news about the state of the Chinese economy, consumers continue to be surprisingly confident. In fact, in a report published this week by McKinsey’s Consumer and Retail Practice, we found that Chinese consumers are spending more on products and services that are aimed at enhancing the quality of their lives like healthier food, entertainment, and trips abroad. Nick Leung spoke about some of the findings from the report with Daniel Zipser, Yougang Chen, and Fang Gong. They’re p...
Mar 25, 2016
Will Real Estate Crash the Chinese Economy?
Despite the recent downturn in the Chinese economy, real estate prices have remained relatively stable. But there’s growing concern that the high levels of debt tied to the real estate sector could be a source of instability. In this podcast, Nick Leung talks about this issue with Guangyu Li, Haimeng Zhang and Vera Tang. Guangyu and Haimeng are Partners who lead McKinsey’s real estate practice in China. Vera is an Associate Partner who specializes in real estate. Nick is Managing Partner of McKi...
Feb 26, 2016
Is Private Equity the Silver Lining in the Chinese Economy?
While the prevailing sentiment around the state of the Chinese economy has been pretty downbeat lately, some private equity investors are taking a more positive view of the situation. In this podcast, Nick Leung speaks with Bruno Roy, David Cogman, and Wendy Liu about where pockets of opportunity can be found in China today, and the role that private equity is playing in identifying deals. Bruno and David are Partners who lead McKinsey’s Private Equity Practice in China. Wendy is a Consultant wh...
Feb 18, 2016
How Worried Should We Be About China’s Economy?
China’s recent announcement that full-year economic growth hit 6.9%, the lowest rate of growth in 25 years, intensified the debate around the state of the Chinese economy. While there continue to be a number of bright spots in the economy like robust consumer demand, several traditional, export-oriented sectors of the Chinese economy have been hit hard. In this podcast, Nick Leung talks to Jonathan Woetzel and Yougang Chen about the areas of China’s economy that are performing well, as well as t...
Feb 03, 2016
What’s in Store for China in 2016?
2015 has been an eventful year for China. The economy cooled. The stock market took a hit. But what’s in store for China in 2016? In this podcast, Nick Leung talks with Gordon Orr about his annual predictions for China in the new year. They’re joined by Joe Ngai and David Cogman. Gordon is formerly a Senior Partner of McKinsey and is now a Board member of Lenovo and the Swire Group. Joe is a Senior Partner who leads the Financial Institutions practice in China. David is a Partner who leads the C...
Dec 26, 2015
How Patient Do Chinese Patients Need to Be?
Access to quality drugs is becoming a critical issue in China’s journey toward modernizing its healthcare system. In this podcast, Nick Leung talks to Franck Le Deu, Jin Wang, and Fangning Zhang about the challenges Chinese patients face in obtaining the drugs they need, and the role pharmaceutical makers need to play in addressing this issue. Franck, Jin, and Fangning are Partners with McKinsey’s Healthcare Practice in China. Nick is Managing Partner of McKinsey’s Greater China Practice....
Dec 15, 2015
Will Big Data Be Big in China?
Chinese companies generate an enormous amount of data each year, data that can be sorted and analyzed to make better decisions across all aspects of their business, from long term strategy to short term pricing. But just how big is big data in China today? In this podcast, Nick Leung chats with Bill Wiseman and Kevin Wei Wang about how Chinese companies are taking advantage of the boom in big data, and how they should tap more fully into the potential. Bill is a Senior Partner in Taipei. Kevin i...
Dec 03, 2015
What is Gender Equality Worth in China?
Gender inequality is not only a moral and social issue, but also a critical economic challenge. A new report from the McKinsey Global Institute looks at the economic implications of the lack of parity between men and women. In this podcast, Nick Leung discusses how this issue plays out in China with Jonathan Woetzel and Sha Sha. Jonathan is a senior partner who leads MGI in Asia. Sha Sha is a senior partner in Shanghai. Nick is managing partner of McKinsey’s Greater China Practice. Image Credit:...
Nov 18, 2015
How and Where Will China Innovate?
For a long time, many have questioned whether China can innovate. Today, innovation is being recognized as the crucial challenge that Chinese companies and the broader economy face, as China seeks to move up the value chain. Nick Leung tackles this topic on today’s podcast with Jonathan Woetzel, Erik Roth, and Jeongmin Seong. They talk about the findings from a new report published by The McKinsey Global Institute (MGI) that takes a close look at the ways China is innovating today. Jonathan is a...
Nov 05, 2015
Special Edition: Taking Stock of China’s Economy
China’s President Xi Jinping is in the US this week on his first state visit. One topic he’ll be discussing in his speeches and in private conversations with US leaders is the state of the Chinese economy. In this special edition of McKinsey on China, Nick Leung, Gordon Orr and Yougang Chen offer their take on the challenges that China faces today. Gordon is the former Chairman of McKinsey Asia and is now Senior Advisor to McKinsey. He recently joined the Boards of Lenovo and The Swire Group. Yo...
Sep 25, 2015
Will a Chip Champion Emerge from China?
China has invested billions of dollars in building up a domestic semiconductor industry. Last year, it announced a new policy to promote the development of the sector, but to date, China has yet to create a company that can compete on a global level. In today’s podcast, Nick Leung speaks with Bill Wiseman and Chris Thomas about whether we’ll see a Chinese chip champion emerge at some point in the future. Bill is a Senior Partner in the Taipei office and Chris is a Partner in Beijing, who leads M...
Aug 20, 2015
Can You Understand the Chinese Consumer in Just One Hour?
Last year, we invited Jonathan Woetzel and Jeff Towson on the show to discuss their book, One Hour China. The book was intended to be a short, “speed read” to help executives quickly understand the key trends shaping business in China. In this episode, they return to talk with Nick Leung about the sequel to that, the One Hour China Consumer book, which takes a deep dive into several of the most important consumer trends shaping Chinese business today. Jonathan is a senior partner in McKinsey’s S...
Jun 09, 2015
Is a Bubble Brewing in China’s Internet?
China has the second largest e-commerce market in the world. Startups continue to list on overseas and domestic markets at sky high valuations, but some observers are wondering, is a bubble brewing in China’s red-hot Internet market? In this podcast, Nick Leung talks to Alan Lau and Kevin Wang on this topic. Alan and Kevin are Partners in the Hong Kong office who lead McKinsey Digital in Asia and China. Nick is Managing Partner of McKinsey’s Greater China Practice. Image: Matt Stinson/Flickr...
Jun 02, 2015
Should China rethink its approach to electric vehicles?
As the largest car market in the world, China should be well-positioned to become a leading player in electric vehicles. Yet so far, things haven’t worked out as planned. Despite billions spent on subsidies, tax breaks, and other incentives, electric vehicles have yet to take off. In this podcast, Nick Leung talks to Paul Gao, Larry Wang and Mingyu Guan about a new report they’ve just published that takes a closer look at what China needs to do to kick-start its electric vehicle market. Paul is ...
Apr 22, 2015
Getting Products to Chinese Consumers Productively
China has one of the world’s largest and most complex distribution networks for moving consumer goods. What should companies do to ensure that their products are delivered efficiently and profitably? In this podcast, Nick Leung talks to Daniel Zipser and Felix Poh about a new survey that takes a closer look at this topic. Daniel is a Partner who leads McKinsey’s Marketing & Sales Practice in China. Felix is a Partner with our Consumer Practice in China. Nick is Managing Partner of McKinsey’s...
Apr 01, 2015
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