Mckinsey Greater China

The government’s recently announced target of 7.5% GDP growth for this year should be considered relatively good news for China’s mayors. For it’s the mayors who bear much of the burden of implementing economic policy in China. But things aren’t getting any easier. In fact, they seem to be getting harder these days, as revenues more

Just a few years ago, China’s auto sector was gearing up for the roll-out of electric vehicles. Today, few electric vehicles can be found on China’s increasingly crowded highways and city streets. What’s holding the industry back from going electric, and when will China finally live up to the hype? Nick Leung, Managing Partner of more

China seems to have an insatiable thirst for energy. McKinsey research predicts that China will drive as much as one-quarter of the world's incremental demand for energy through the year 2030. To keep up with this demand, China will be spending $130 billion a year over the next two decades on new power plants, an more

Over the past two decades, Taiwanese firms across a range of industry sectors have quietly established very successful businesses there. What’s behind their success? And is there something that companies from other markets can learn from Taiwanese firms about operating in China? Nick Leung, Managing Partner of McKinsey’s Greater China Practice, discussed this topic recently more

In China, domestic firms are capturing market share and profits by designing products that not only appeal to Chinese consumer tastes – but are also priced substantially lower than comparable offerings from multinational firms. As a result, more and more multinational companies are finding it necessary to rethink their approach to product design and development more

It’s official – China is now mostly an urban nation. According to the National Bureau of Statistics, urban dwellers now account for more than 51% of China’s population of nearly 1.35 billion. That’s 690 million people, a number the McKinsey Global Institute expects will reach one billion by the year 2030. Now that China has more

The sector is starting to take on characteristics of more developed markets, leading some to ask, “Is private equity finally coming of age in China?”. In this podcast, Nick Leung discusses this topic with Bruno Roy and Joe Ngai. Nick is Managing Partner of McKinsey’s Greater China practice, based in Beijing. Bruno is a Partner more

As we move into 2012, questions remain regarding how these issues will play out, what kind of policy actions the Chinese government might take to address them, and what companies should do to prepare for the new year. In this podcast, Nick Leung discusses the outlook for the Chinese economy in 2012 with Jonathan Woetzel, more

Despite the potential, many observers are cautious about the industry’s outlook. While the market may be growing rapidly, few companies are actually making money. Our research suggests that profits will materialize, but only players with the deepest pockets will survive. In this podcast, Nick Leung speaks with Alan Lau and Davis Lin, authors of a more

How does the banking market in China stack up to the rest of the world, and how have consumer attitudes changed since the financial crisis? McKinsey took a closer look at these and other questions in a recent survey of 20,000 consumers across 13 different markets in Asia. In this podcast, Nick Leung speaks with more

China’s 12th five-year plan is an ambitious document that builds on decades of rapid economic development. It aims to transform the Chinese economy from one that is focused on exports and GDP growth, to a more sustainable model that addresses the pressing social and environmental issues facing China today. In this podcast, Nick Leung, Managing more

China is rapidly becoming a center of innovation activity, and spurring innovation is one of the top priorities in the Chinese government’s latest five-year plan. This policy initiative is creating local champions that are taking market share from multinational corporations operating in China. They’re also becoming powerful competitors on the international stage. But progress varies more