Global CEOs Turn to China for Innovation Lessons
For years, the world looked westward for the latest in business trends and innovations. Now, a shift is underway. According to Joe Ngai, chairman of McKinsey China, a growing number of multinational CEOs are heading to the Chinese mainland to learn and adapt. “They aim to apply what they have learned in China to their operations in other parts of the world,” Ngai shared in an interview with CGTN’s Michael Wang during the Summer Davos 2025.
Ngai praised the Chinese market for its competitiveness and adaptability, noting that companies are eager to understand the unique strategies and technologies that have propelled China’s rapid growth. This shift highlights China’s rising influence in the global business landscape, with lessons in digitization, consumer engagement, and innovation drawing international attention.
From pioneering mobile payment systems to leading advancements in artificial intelligence, China’s innovations are setting new benchmarks. International businesses are keen to tap into these developments, hoping to replicate success in their respective markets.
The trend signifies a new era where knowledge flows eastward, and global businesses recognize the value of the Chinese mainland’s market insights. For young entrepreneurs and professionals in the Global South, this presents exciting opportunities to learn from and engage with emerging global practices.
Reference(s):
McKinsey: Multinationals learning in China and implementing globally
cgtn.com
