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You've heard it before: When the Covid-19 pandemic began, the way people worked, lived and shopped in cities around the world changed dramatically. Many employees abruptly retreated from traditional offices [...]

sven smit is co-chair of the McKinsey Global Institute, where jonathan woetzel is a director. anu madgavkar and jan mischke are partners at MGI. Published April 25, 2022 While the [...]

WHEN HISTORIANS IN THE DISTANT FUTURE look back at our era, the name Alfred Sauvy may appear in a footnote somewhere. Sauvy was a French demographer who coined the term [...]

The zhenqi fenkai policy, which was implemented in the 1980s, is believed to have helped strengthen domestic businesses and the economy to global competition. Openness, and not ownership, makes China's state-owned companies better partners for multinationals than some of their private-sector counterparts. Other views and information on China's state-owned enterprises, are presented.

Successful multinational companies transfer global standards, techniques and practices and adapt them where needed. Domestic and foreign companies in China are applying global standards as competition intensifies. Products and industrial processes developed in China will become global products and processes that will teach companies to compete more aggressively in other places.

Extent to which, liberalization can solve the energy problems in China, is discussed. Significance of making energy purchase at open market is highlighted.

Benefits of using lean-manufacturing techniques in production are discussed. Obstacles of using these techniques in Chinese factories are also detailed.

Way in which, China has tackled the social challenges, posed in the process of its socioeconomic restructuring, is examined.

ChinaEs fast economic growth owes a lot to its demographic conditions. The higher population rate made more needs for consumer products and housings which inturn demanded more production of goods and steel. The positive and adverse effect of Demographic conditions in ChinaEs economy is discussed.

There is a drastic growth in China's economy, which is followed by certain solvable problems. The growth in all aspects of economic development and the challenges are illustrated with detailed statistics.

The scenario in the Chinese market is described. The citizens are raised to see political and economical growth as a necessity and have been successful in surpassing certain economies.

There are preconceived notions about doing business in China among the business leaders of the western countries . Some of the myths are: China is going to be the next economic superpower, the economy is run by the government, foreigners cannot make profit in China and relationship is vital, so local partnership is a must. The facts about the Chinese economy and the opportunities for the foreign investors are discussed in detail.

The unprecedented size and the challenges in redevelopment of the cities of China has broken the taboo and encouraged private participation in city redevelopment efforts. The central business district for Wuhan city is analyzed for its government and private cooperation in development.

Most Chinese companies are content with the role of original-equipment manufacturer (OEM), supplying the world's biggest brands, but the government is asking them to sell branded products abroad as they can be more profitable than those of OEMs, thus helping to move away from their image as producer of cheap goods. China will require a combination of attractively priced products, good service, and first-rate technology to get into the game of branding.

China's automotive market is predicted to be the third largest in the world by 2008.1 The accompanying growth in demand for gasoline and related car fuel products--combined with government plans [...]

China has the potential to become a global semiconductor power by 2010. But a study of the country's fast-growing semiconductor industry suggests that it may achieve world-class status by taking [...]

New approaches to managing joint ventures MNCs now seeking clear equity control Why you may need a China corporate center China's rich market potential and rapid economic reform have made [...]

At the level of individual business enterprises, the real work of reform in China has just begun REVITALIZING THE OWNERSHIP STRUCTURE, management, and operational performance of China's SOEs is an [...]

Recent economic developments suggest that the consumer market in China is finally ripe for attention FOR A LONG TIME, China has been a 'market of the future' for many companies [...]

The article discusses the need for inclusive economic growth in Los Angeles County, despite its status as a global cultural capital and having the largest economy in the US. The county has not matched its peers in terms of GDP growth, employment growth, and population growth. There are disparities in economic outcomes and quality of life across different demographic groups, with Latino and Black Angelenos experiencing lower incomes and higher poverty rates compared to their Asian and White peers. The article identifies challenges and opportunities in the business environment, talent supply, and infrastructure, and offers recommendations to address these issues and promote inclusive economic growth in LA. [Extracted from the article]

Hybrid work has left oceans of cubicles vacant - and had ripple effects on retail and residential neighborhoods as well. One of the ways that we're working with clients these days is to actually measure and say, "Here is the productivity, the engagement, of all the employees, and here are their work patterns." Employees at those large firms tend to come into the office a little bit less than those at smaller firms. The science of successful space B Lucia Rahilly: b What's the thinking around what should happen at that floor level to make a really hospitable, attractive office space for employees?. [Extracted from the article]

The Middle Kingdom can pick up slack left by rich country shoppers: here's how. As the global financial crisis ebbs, company and policy leaders around the world are scratching their [...]

The rise of megacities has created slums and chaos elsewhere, but in China, they are cleaner and more efficient. As China continues to boom in the coming decades, it would [...]

The country's domestic market for steel, and the industry that supplies it, are now the world's largest. But the steelmakers of China are too fragmented and unproductive to serve its [...]

I The combined empowerment and net-zero investment gaps amount to an enormous 8 percent of global GDP annually over the decade. i We quantify the cumulative spending boost that would close both gaps by 2030. The gaps vary widely across regions The empowerment and net-zero investment gaps vary in magnitude across different parts of the world, not only in absolute dollar terms but also relative to GDP. High-income regions have an annual net-zero investment gap on the order of about 3 percent of annual GDP on average, about four to five times higher than their 2020 levels of investment. We build on the NGFS Net Zero 2050 scenario (with warming of 1.5°C by 2100) to estimate the incremental low-emissions investment that would be needed (the net-zero investment gap). At a global level, and specifically for high-income regions, this additional debt capacity exceeds the incremental public support needed to fill the empowerment and net-zero investment gaps. [Extracted from the article]

In this McKinsey study, we look at how the pandemic has affected the real estate market in the world's biggest cities and what we can expect to see next. Hybrid work is here to stay, and office attendance is down by 30 percent Employees still spend far less time working at the office than they did before the pandemic, according to our survey. There will be 13 percent less demand for office space in the median city we studied Demand for office space has already declined, partly because of the increase in remote work and partly because of a challenging macroeconomic environment. The impact on real estate The behavioral changes caused by the pandemic - lower office attendance, accelerated out-migration from cities, and less shopping in office-heavy neighborhoods - will push down demand for real estate in most superstar cities. [Extracted from the article]

In 2030, the balance sheet would look healthier relative to GDP than it does today, because inflation would lower the debt burden and asset prices in real terms. From 2000 to 2021, asset-price inflation created about $160 trillion in paper wealth. SAN FRANCISCO - In recent decades, the world's wealth has soared - at least on paper - as low interest rates drove up asset prices. [Extracted from the article]

And, in fact, nothing was more encouraging to us in the report than the fact that the life expectancy gains in the bottom decile of income were three to four times faster than they were in the top decile of income. Chris Bradley is a director of the McKinsey Global Institute (MGI) and senior partner in McKinsey's Sydney office. We are joined by two of the report's authors, Dr. Jonathan Woetzel and Chris Bradley, both of whom are senior partners and directors at the McKinsey Global Institute. We found that 50 percent came from income, but the other 50 percent came from what we'll call innovation, which is essentially changing the relationship between life expectancy and income. [Extracted from the article]

This McKinsey report shows that despite faltering economic growth, Africa has the human capital and natural resources to reimagine its economic growth. Africa's growth has downshifted since 2010 after a promising opening to the millennium Africa entered the 21st century with a promising burst of economic growth that persisted for a decade before returning to the slow pace it experienced in the 1990s. [Extracted from the article]