A conversation on the McKinsey Global Institute’s new report on the reskilling of China’s workforce

A conversation on the McKinsey Global Institute’s new report on the reskilling of China’s workforce

What is China’s biggest economic challenge for the next 20 years?

McKinsey experts discuss developments in the Chinese economy in 2021.

McKinsey experts discuss developments in the Chinese economy in 2021.

When will the Chinese economy get back to normal?

Partners from McKinsey’s Private Equity and Principal Investors practice discuss the state of play in China’s private equity industry

Partners from McKinsey’s Private Equity and Principal Investors practice discuss the state of play in China’s private equity industry

Has COVID-19 infected the Chinese private equity industry?

Chinese industry is proving to be surprisingly resilient as it comes out of the COVID-19 crisis.

Chinese industry is proving to be surprisingly resilient as it comes out of the COVID-19 crisis.

Is Chinese industry emerging from COVID-19 stronger than ever?

As China emerges from COVID-19, consumers are starting to spend again. How has the crisis changed them?

As China emerges from COVID-19, consumers are starting to spend again. How has the crisis changed them?

Has COVID-19 changed the Chinese consumer for good?

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.

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.

How COVID-19 is fast-forwarding 5 key trends in China

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, and how China could become an exporter of climate mitigation solutions. Jonathan Woetzel is a senior partner and director of the McKinsey Global Institute in Asia. Gordon Orr is the former Asia Chairman of McKinsey and is now a senior advisor to McKinsey. Nick Leung is Chairman of McKinsey’s Greater China region.

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, and how China could become an exporter of climate mitigation solutions. Jonathan Woetzel is a senior partner and director of the McKinsey Global Institute in Asia. Gordon Orr is the former Asia Chairman of McKinsey and is now a senior advisor to McKinsey. Nick Leung is Chairman of McKinsey’s Greater China region.

What’s driving the Chinese economy in 2020?

Trillions of dollars of GDP depend on China’s integration with the rest of the world

Trillions of dollars of GDP depend on China’s integration with the rest of the world

Has China reached peak integration with the world?

In a slowing economy, consumer-facing companies in China need fresh strategies to remain competitive.

In a slowing economy, consumer-facing companies in China need fresh strategies to remain competitive.

How confident is the Chinese consumer?

The state of the Chinese economy

The leading management consulting firm in Greater China

Great choices of topics covering most concern issues around the Chinese market!

Great Topics!

Arguably one of, if not the, best sources of information on doing business in China. The topics are always relevant, well-thought out, and well delivered. My one suggestion is that the recording mic volume / sound system be turned WAY up. It is too quiet, even when I have my iPhone volume on maximum. I think this is especially relevant for people living in China- like me- who like to listen to their audio reports on the go, but the city life here is a bit noisy...

Great info, please improve sound volume

McKinsey Greater China

Do rising labor costs and an appreciating renminbi spell the end of China’s role as the “factory of the world?” Do rising labor costs and the appreciation of the renminbi spell the end of China’s role as the “factory of the world”? Not so fast, argue the leaders of McKinsey’s Operations Practice in China. In this podcast, Nick Leung explores this issue with Martin Lehnich, Karel Eloot, and Alan Huang. They’re partners in McKinsey’s Shanghai office. Nick is Managing Partner of McKinsey’s Greater China Practice.

Do rising labor costs and an appreciating renminbi spell the end of China’s role as the “factory of the world?” Do rising labor costs and the appreciation of the renminbi spell the end of China’s role as the “factory of the world”? Not so fast, argue the leaders of McKinsey’s Operations Practice in China. In this podcast, Nick Leung explores this issue with Martin Lehnich, Karel Eloot, and Alan Huang. They’re partners in McKinsey’s Shanghai office. Nick is Managing Partner of McKinsey’s Greater China Practice.

Can China remain the factory of the world?

According to a new report by McKinsey, China now has the largest and most active population of social media users in the world. So what can companies do to leverage this channel to build their businesses – and protect their brands? Nick Leung, Managing Partner of McKinsey’s Greater China Practice, discussed this report with Chris Ip and Ari Silverman. Chris is a Senior Partner in McKinsey’s Beijing office. Ari is a Partner in Shanghai.

According to a new report by McKinsey, China now has the largest and most active population of social media users in the world. So what can companies do to leverage this channel to build their businesses – and protect their brands? Nick Leung, Managing Partner of McKinsey’s Greater China Practice, discussed this report with Chris Ip and Ari Silverman. Chris is a Senior Partner in McKinsey’s Beijing office. Ari is a Partner in Shanghai.

How can companies tame China’s social media dragon?

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 senior advisor to the firm. Joe is Managing Partner of McKinsey’s Hong Kong office. Nick is Managing Partner of McKinsey’s Greater China Practice. Image: Shutterstock

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 senior advisor to the firm. Joe is Managing Partner of McKinsey’s Hong Kong office. Nick is Managing Partner of McKinsey’s Greater China Practice. Image: <a href="http://www.shutterstock.com" rel="nofollow" target="_blank">Shutterstock</a>

What Might Happen in China in 2017?

Chinese consumers love the internet. In the past decade, they’ve driven the explosive growth of e-commerce and social media. Chinese businesses, on the other hand, have yet to plug into the full power of the internet. If and when they do, however, they could unleash a whole new wave of productivity, innovation and growth in the Chinese economy. And the impact of these changes could be felt worldwide. In this podcast, Nick Leung discusses this topic with Jonathan Woetzel and Yougang Chen. They’re authors of a new report from The McKinsey Global Institute. Jonathan is a director in Shanghai who leads MGI in Asia. Yougang is a Partner who leads MGI in China. Nick is Managing Partner of McKinsey’s Greater China practice.

Chinese consumers love the internet. In the past decade, they’ve driven the explosive growth of e-commerce and social media. Chinese businesses, on the other hand, have yet to plug into the full power of the internet. If and when they do, however, they could unleash a whole new wave of productivity, innovation and growth in the Chinese economy. And the impact of these changes could be felt worldwide. In this podcast, Nick Leung discusses this topic with Jonathan Woetzel and Yougang Chen. They’re authors of a new report from The McKinsey Global Institute. Jonathan is a director in Shanghai who leads MGI in Asia. Yougang is a Partner who leads MGI in China. Nick is Managing Partner of McKinsey’s Greater China practice.

Will the Chinese internet change the world?

A new class of mainstream consumers are spurring companies to rethink their strategies Most Chinese consumers are happy enough if the products they buy do what they promise: keep their clothes clean or quench their thirst, for example. But there’s a new class of younger, wealthier, and more sophisticated mainstream consumers that are seeking more intangible, often emotional benefits from their purchases. These new mainstream consumers are spurring companies to rethink their strategies. In this podcast, Nick Leung speaks with Max Magni and Yougang Chen about the results of a recent survey they conducted of Chinese consumers. Max and Yougang are Partners in Shanghai. Nick is Managing Partner of McKinsey’s Greater China practice.

A new class of mainstream consumers are spurring companies to rethink their strategies Most Chinese consumers are happy enough if the products they buy do what they promise: keep their clothes clean or quench their thirst, for example. But there’s a new class of younger, wealthier, and more sophisticated mainstream consumers that are seeking more intangible, often emotional benefits from their purchases. These new mainstream consumers are spurring companies to rethink their strategies. In this podcast, Nick Leung speaks with Max Magni and Yougang Chen about the results of a recent survey they conducted of Chinese consumers. Max and Yougang are Partners in Shanghai. Nick is Managing Partner of McKinsey’s Greater China practice.

Luring China’s little emperors

Not so long ago, solar was really hot in China. Today, overcapacity and weak demand have pushed prices and profits down. What will it take for China’s solar industry to pull out of its slump? In this podcast, Bill Wiseman and David Xu join Nick Leung for a heated discussion of this topic. Bill is a Partner in Taipei and David is a Director in Shanghai. Nick is Managing Partner of McKinsey’s Greater China practice.

Not so long ago, solar was really hot in China. Today, overcapacity and weak demand have pushed prices and profits down. What will it take for China’s solar industry to pull out of its slump? In this podcast, Bill Wiseman and David Xu join Nick Leung for a heated discussion of this topic. Bill is a Partner in Taipei and David is a Director in Shanghai. Nick is Managing Partner of McKinsey’s Greater China practice.

Are there any rays of sunshine in China’s solar sector?

The Chinese government has ambitious plans to raise the level of private sector involvement in the healthcare system. Private hospitals are sprouting up around the country. What can healthcare providers do to tap into this emerging opportunity? Nick Leung, Managing Partner of McKinsey’s Greater China Practice, discussed this topic with Claudia Suessmuth Dyckerhoff and Alex Ng. Claudia is a director in Shanghai and Alex is an associate partner in Hong Kong.

The Chinese government has ambitious plans to raise the level of private sector involvement in the healthcare system. Private hospitals are sprouting up around the country. What can healthcare providers do to tap into this emerging opportunity? Nick Leung, Managing Partner of McKinsey’s Greater China Practice, discussed this topic with Claudia Suessmuth Dyckerhoff and Alex Ng. Claudia is a director in Shanghai and Alex is an associate partner in Hong Kong.

Can the private sector cure China’s healthcare system

China’s state-owned enterprises have undergone a dramatic transformation over the past decade. While their share of economic output has declined, their influence has not. In fact, in several of China’s most strategic sectors, state-run firms are sharpening their management skills and transforming their operations so they can compete globally. Nick Leung, Managing Partner of McKinsey’s Greater China Practice, discussed this topic with David Xu, Michael Wang and Kevin Chan. They’re Partners in McKinsey’s Shanghai office.

China’s state-owned enterprises have undergone a dramatic transformation over the past decade. While their share of economic output has declined, their influence has not. In fact, in several of China’s most strategic sectors, state-run firms are sharpening their management skills and transforming their operations so they can compete globally. Nick Leung, Managing Partner of McKinsey’s Greater China Practice, discussed this topic with David Xu, Michael Wang and Kevin Chan. They’re Partners in McKinsey’s Shanghai office.

The changing role of China’s state-owned enterprises

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 Corporate Finance Practice in Asia. Nick is Managing Partner of McKinsey’s Greater China Practice. Thanks to all of our listeners for helping us reach 1 million downloads of McKinsey on China! Image credit: Ross Pollack / flickr

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 Corporate Finance Practice in Asia. Nick is Managing Partner of McKinsey’s Greater China Practice. Thanks to all of our listeners for helping us reach 1 million downloads of McKinsey on China! Image credit: <a href="https://www.flickr.com/photos/rossap/" rel="nofollow" target="_blank">Ross Pollack / flickr</a>

What’s in Store for China in 2016?

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 McKinsey’s Greater China Practice. Image Credit: Shutterstock

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 McKinsey’s Greater China Practice. <a href="http://www.shutterstock.com/pic-207028828/stock-photo--d-render-illustration-of-china-real-estate-development.html" rel="nofollow" target="_blank">Image Credit: Shutterstock</a>

Will Real Estate Crash the Chinese Economy?

While the government’s healthcare reform program is well underway, much work remains to be done before China can achieve its aspiration of providing quality and affordable healthcare to its people. This is creating a host of new opportunities as well as challenges for companies trying to plan their next move in China. Nick Leung, Managing Partner of McKinsey’s Greater China Practice, discussed this topic with three of the authors of a new report on healthcare in China, Franck Le Deu, Jin Wang, and Gaobo Zhou. Franck and Jin are Partners in McKinsey’s Shanghai office. Gaobo is an Associate Partner in Hong Kong.

While the government’s healthcare reform program is well underway, much work remains to be done before China can achieve its aspiration of providing quality and affordable healthcare to its people. This is creating a host of new opportunities as well as challenges for companies trying to plan their next move in China. Nick Leung, Managing Partner of McKinsey’s Greater China Practice, discussed this topic with three of the authors of a new report on healthcare in China, Franck Le Deu, Jin Wang, and Gaobo Zhou. Franck and Jin are Partners in McKinsey’s Shanghai office. Gaobo is an Associate Partner in Hong Kong.

What healthcare system can China afford?

The volume of Chinese outbound M&amp;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&amp;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 Greater China Practice. Image: Shutterstock.com

The volume of Chinese outbound M&amp;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&amp;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 Greater China Practice. Image: <a href="http://www.shutterstock.com" rel="nofollow" target="_blank">Shutterstock.com</a>

Is There a Method to the “Madness” of Chinese Outbound M&A?

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 those that aren’t. Jonathan and Yougang are Partners who lead the McKinsey Global Institute in China. Nick is Managing Partner of McKinsey’s Greater China Practice. Image: Shawn Clover / flickr

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 those that aren’t. Jonathan and Yougang are Partners who lead the McKinsey Global Institute in China. Nick is Managing Partner of McKinsey’s Greater China Practice. Image: <a href="https://www.flickr.com/photos/shawnclover/" rel="nofollow" target="_blank">Shawn Clover / flickr</a>

How Worried Should We Be About China’s Economy?

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 partners in McKinsey’s Shanghai office who lead our consumer and retail work. Nick is Managing Partner of McKinsey’s Greater China practice.

Despite the gloomy news about the state of the Chinese economy, consumers continue to be surprisingly confident. In fact, in a <a href="http://mckinseychina.com/the-modernization-of-the-chinese-consumer/" rel="nofollow" target="_blank">report</a> 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 partners in McKinsey’s Shanghai office who lead our consumer and retail work. Nick is Managing Partner of McKinsey’s Greater China practice.

How Healthy Are Chinese Consumers?

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.

While China’s auto market is cooling down from its days of double-digit growth, a <a href="http://mckinseychina.com/finding-the-fast-lane-emerging-trends-in-chinas-auto-market/" rel="nofollow" target="_blank">new report</a> 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. <a href="http://mckinseychina.com/finding-the-fast-lane-emerging-trends-in-chinas-auto-market" rel="nofollow" target="_blank">Download the complete report here</a>.

Has China’s Auto Market Hit a Speed Bump?

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 is a Partner in Shanghai. Nick is Managing Partner of McKinsey’s Greater China Practice. Image Credit: Shutterstock/Leungchopan

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 is a Partner in Shanghai. Nick is Managing Partner of McKinsey’s Greater China Practice. Image Credit: <a href="http://www.shutterstock.com/pic-203069269/stock-photo-woman-work-at-night.html?src=OVN42QK3W8xaQEcVYAdptw-1-92" rel="nofollow" target="_blank">Shutterstock/Leungchopan</a>

Will Big Data Be Big in China?

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.

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.

Who Will Win the Race for China’s Fintech Sector?

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.

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.

How Patient Do Chinese Patients Need to Be?

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 who specializes in Private Equity. Nick is Managing Partner of McKinsey’s Greater China Practice. Image Credit: Shutterstock

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 who specializes in Private Equity. Nick is Managing Partner of McKinsey’s Greater China Practice. Image Credit:<a href="http://www.shutterstock.com/pic-307354013.html&amp;src=download_history" rel="nofollow" target="_blank"> Shutterstock</a>

Is Private Equity the Silver Lining in the Chinese Economy?

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