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Charting China’s Digital Economy

The shift to a modern and more digitized economy worldwide has proven to be a transformative phenomenon in global business and consumer integration. Nowhere is this trend more evident than in China, one of the world’s largest investors and adopters of digital technologies, and also a country with a very large domestic market of consumers who are young and eager to embrace digital in all its forms. Three aggressive, giant internet companies with global reach — Baidu, Alibaba, and Tencent, or BAT as they are collectively known — are creating a multifaceted and multi-industry digital ecosystem that touches every aspect of consumers’ lives.  It is therefore not surprising that China’s rapidly growing “fintech” (financial technology) industry has established the biggest global market for digital payments, accounting for roughly half of the global total. China’s digital transformation is likely to have an increasing influence on the worldwide digital landscape, judging by the profound impact it is already having on its own economy.

Join us for the New York launch of China’s Digital Economy, a major report published by The McKinsey Global Institute (MGI).  MGI’s Shanghai-based director, Jonathan Woetzel, will share new findings from the report.

How does China’s dramatic shift to a digital economy account for economic indicators such as labor productivity and GDP growth? What does the future hold for Chinese producers, consumers, and the workforce as digitization gains more momentum? Has the country’s regulatory framework put in place necessary policies to capitalize on new technologies while safeguarding against potential unintended negative consequences?











When: Mon., Dec. 11, 2017 at 6:30 pm - 8:00 pm
Where: Asia Society and Museum
725 Park Ave.
212-288-6400
Price: Members $30; Students/Seniors $40; Nonmembers $50
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The shift to a modern and more digitized economy worldwide has proven to be a transformative phenomenon in global business and consumer integration. Nowhere is this trend more evident than in China, one of the world’s largest investors and adopters of digital technologies, and also a country with a very large domestic market of consumers who are young and eager to embrace digital in all its forms. Three aggressive, giant internet companies with global reach — Baidu, Alibaba, and Tencent, or BAT as they are collectively known — are creating a multifaceted and multi-industry digital ecosystem that touches every aspect of consumers’ lives.  It is therefore not surprising that China’s rapidly growing “fintech” (financial technology) industry has established the biggest global market for digital payments, accounting for roughly half of the global total. China’s digital transformation is likely to have an increasing influence on the worldwide digital landscape, judging by the profound impact it is already having on its own economy.

Join us for the New York launch of China’s Digital Economy, a major report published by The McKinsey Global Institute (MGI).  MGI’s Shanghai-based director, Jonathan Woetzel, will share new findings from the report.

How does China’s dramatic shift to a digital economy account for economic indicators such as labor productivity and GDP growth? What does the future hold for Chinese producers, consumers, and the workforce as digitization gains more momentum? Has the country’s regulatory framework put in place necessary policies to capitalize on new technologies while safeguarding against potential unintended negative consequences?

Buy tickets/get more info now