Joe Ngai, McKinsey: Domestic rivalry drives Chinese firms
“More Chinese companies are put out of business by other Chinese companies. Chinese companies are not put out of business because of Western companies, so this whole competition is not, from a Chinese guy's mind, like a US-China competition. It’s more ‘how do I survive this gym?’ because it's damn hard to keep staying alive at home. That in turn makes you very competitive in the rest of the world.”
Maura Fogarty speaks to Joe Ngai, Chairman of the China region for global consulting firm McKinsey.
He advises senior management at Chinese and multinational corporations in the region which gives…
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