🌍 Global trade is undergoing a major transformation, according to Joseph Ngai, chairman of McKinsey China. In a recent interview with CGTN, Ngai highlighted that South-South trade – the exchange of goods and services between developing nations – is now growing rapidly, outpacing the traditional East-West trade routes.
📈 This shift signifies a new era in international commerce, where emerging markets are becoming key players in the global economy. Young entrepreneurs and investors should keep an eye on these evolving patterns to seize new opportunities and stay ahead in the dynamic market.
Reference(s):
McKinsey China chairman: World trade pattern undergoing transformation
cgtn.com
