By McKinsey Greater China
The leading management consulting firm in Greater China
Chinese companies do innovate. They just do it differently. China may not be known yet as a hotbed of innovation, but the signs are hard to ignore. A growing number of firms are creating new products and developing entirely new...
How does China plan to tap the coming shale gas revolution? It still may be several years until China taps its shale gas reserves, but industry players are already plotting their strategies, and anticipation is running pretty high. How will...
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...
Does China need to make a trade-off between economic development and the environment? Severe air pollution has recently emerged as one of the biggest public health threats in China. Clearly, rapid economic growth and urbanization are at the root of...
E-tailing is having a broader impact on China’s economy by stimulating consumption Almost overnight, China has become the world’s second-largest e-tail market, and is set to overtake the US in the next few years. According to a new report by...
Driving growth in China’s premium car market is an emerging class of new mainstream consumers that seem more interested in styling and performance. According to a new report by McKinsey’s Automotive Practice, China is expected to become the world’s largest...
As consumers get wealthier and their driving habits and preferences evolve, will market forces play a bigger role in shaping China’s auto market? According to a new report by McKinsey’s Automotive Practice, China is expected to drive over one-third of...
Innovation is a priority for Chinese companies. How innovative are they today? Most Chinese CEOs say that innovation is a priority topic on their agenda. But just how innovative are Chinese companies today? In this podcast, Nick Leung addresses this...
From spikes in pork prices to bankrupt retailers, 2013 could turn out to be a very interesting year in China. From spikes in pork prices to bankrupt retailers to international investment in Chinese soccer, 2013 could turn out to be...
Flush with cash, China’s rich are seeking ways to preserve as well as expand their wealth. China’s economic boom has spawned a new class of wealthy individuals. Flush with cash, China’s rich are seeking ways to preserve as well as...
Domestic and multinational insurers need to take a fresh look at this dynamic market In most parts of the world, insurance is not a sector that draws a lot of attention. In China, however, it’s a dynamic industry with enormous...
How should China’s new leadership tackle the country’s economic challenges? The 18th Party Congress is over and a new line-up of Chinese leaders is firmly in place. At the top of their agenda: steering one of the largest and fastest-growing...
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...
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...
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...
China wants to build global brands. Today, though, one would be hard pressed to name more than a handful of Chinese brands that have established a presence outside of China. So what are Chinese companies doing to address this issue,...
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...
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...
Chinese companies have lately been on the prowl for acquisition targets around the world. A few high profile deals have been announced recently. But is the trickle about to turn into a flood, and are Chinese companies able to extract...
China’s private equity sector is the largest in Asia, and is increasingly seen as a source of growth in an otherwise challenging global market. But as China’s cooling economy makes it harder to find attractive deals, and as the IPO...
The Chinese government’s recent interest rate cut has triggered a fresh round of speculation around the state of the economy. Some observers are debating whether China needs another round of stimulus measures, and if so, which ones would have the...
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...
The Chinese government recently announced a number of stimulus measures intended to shore up the economy, which is starting to show signs of cooling. So how should companies react?
Fast-growing Chinese companies have been grappling with an issue for a number of years now: how to find and retain qualified management talent. While women in China have a very high participation rate in the workforce, they’re noticeably absent from...
China’s cities are getting big, but can they also be sustainable? The Urban China Initiative believes they can, as they highlight in their latest report, which assesses and ranks the sustainability of Chinese cities across four key dimensions. Nick Leung,...
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...
In our last podcast on electric vehicles in China, we discussed why they’ve failed to live up to expectations, and whether there’s a future for this technology here. In this podcast, we take the conversation a step further and propose...
China’s medical equipment industry – which covers anything from surgical gloves and hospital beds, to hear stents and CAT scanners – is booming. Chinese companies are moving up the value chain, and are starting to capture market share in segments...
New research by McKinsey shows that China’s retail banking market is on track to become the second largest in the world by 2015, after only the US. For Chinese banks, capturing growth will require taking a different approach than they...
Chinese consumers are changing – that much everyone can agree on. But how exactly are consumers starting to resemble their counterparts in the rest of the world? And in what ways will they continue to behave as they always have?...
Japanese companies have had their challenges in China, while Chinese companies have yet to establish a substantial presence in Japan. Recently, however, we’ve seen some promising examples of collaboration in both directions. Nick Leung, Managing Partner of McKinsey’s 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...
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,...
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...
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, 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...
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...
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...
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...
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....
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...
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...
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...