Welcome to McKinsey Quarterly, the business journal of McKinsey & Company.
DECEMBER 2008
Even many Western economists think China has discovered its own road to prosperity, dependent largely on state financing and control. They are quite wrong.
JULY 2008
The imbalance between business opportunities in China and qualified executives to manage them will get worse—a lot worse—before it gets better.
China’s cities are booming. Intelligent policies could make the good effects prevail over the bad ones.
JUNE 2008
Chinese financial institutions are flush with money at an opportune moment. They should resist the urge to build empires and instead focus on advancing their skills and global experience.
China’s companies are expanding the focus of their outbound M&A, but so far they have struggled to create value.
OCTOBER 2007
The country’s asset-management market will grow by 24 percent annually for the next ten years, but the multinational companies attempting to serve it face vastly increased competition.
JULY 2007
Reforms that attracted little attention in the Western world mark a major step forward in the modernization of China’s capital markets.
APRIL 2007
CFO Ma describes the unique challenges awaiting Chinese companies that seek growth through international acquisitions.
SEPTEMBER 2008
Japan’s experience provides an excellent road map for anyone who wants to gauge how China can deal with its environmental problems.
In a country with a major pollution problem, Wang Yusuo is trying to build a part of the solution.
Ren Jianxin explains how domestic acquisitions helped prepare the way for overseas ones.
China’s state-owned companies, like China itself, are diverse. Many of them would make better partners for multinationals than some of their private-sector counterparts. Openness, not ownership, is the key.
FEBRUARY 2007
As the state-owned sector attracts strategic investors, they find themselves befuddled by the role of an almost invisible power: the Communist Party.
China’s carmakers have a great future on the world stage—but not in the immediate future.
MAY 2008
Yin Tongyao explains how his fledgling automotive company learned to profit from adversity.
China faces major challenges to becoming a global giant in the offshoring and outsourcing of services.
FEBRUARY 2008
China’s pharmaceutical market is growing by upward of 20 percent a year, but global drug companies still must capture its full potential.
Surprisingly few companies have any operations in China today, but the vast majority expect to be doing business with the country within five years.
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FEBRUARY 2009
To meet the challenges of the economic crisis, corporate boards must change the way they work.
Chinese companies are seeking opportunities abroad. They will have to acclimate to new surroundings—just as the foreign companies that entered China did.
China’s business landscape is changing rapidly. So must the way we comprehend it.
Executives around the world expect competition from Chinese companies to increase, mainly because of their low production costs, yet surprisingly few are acting to meet the threat, a McKinsey survey shows. A separate survey of executives based in China reveals widespread global ambitions and concerns about finding the talent to reach them.
Chinese technology companies are competing successfully on their home turf. Global markets may be another story, at least in the short run.
NOVEMBER 2007
As the country merges into the world economy, best practice in China will become best practice globally, products developed in China will become global products, and industrial processes developed in China will become global processes.
A company that has already disrupted the container business is moving into transportation equipment and services.
It’s hard for brand managers to keep pace with the shifting attitudes of Chinese consumers. But some trends can be discerned amid the noise.
Multinational retailers face new challenges to capture the increased spending power in each of these distinctive markets.
JUNE 2006
Jean-Luc Chéreau discusses the French company's experiences as its hypermarkets spread out from China’s biggest cities to the vast hinterland.
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