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The Next China Is Still China: An Insider’s Playbook for Winning in the New Era

Foreign Affairs | 2026-10-20 | economy

Topics: China

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English Summary

McKinsey partners Ngai and Leung argue that despite political headwinds and economic slowdowns, China remains an indispensable and critical market for multinational corporations (MNCs). They emphasize that the country's sophisticated supply chains, world-class talent, and entrepreneurial culture position it as a global standard setter for innovation and manufacturing. The analysis suggests that rather than exiting, MNCs must adapt their strategies to continue deep engagement, viewing challenges like an aging population as potential opportunities. Ultimately, the authors advise that continued operational presence in China is crucial for any global entity aiming to maintain relevance in the modern economy.

中文摘要

麥肯錫的合作夥伴Ngai和Leung指出,儘管面臨政治逆風和經濟放緩,中國對於跨國企業(MNCs)而言仍是一個不可或缺且至關重要的市場。他們強調,中國成熟的供應鏈、世界級的人才,以及其創業文化,使其在全球創新和製造業中處於制定標準的地位。該分析建議,跨國企業不應選擇退出,而必須調整其策略以維持深度參與,並將人口老齡化等挑戰視為潛在的機遇。最終,作者們建議,對於任何旨在現代經濟中保持相關性的全球實體而言,持續在中國營運的足跡至關重要。

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