Jeongmin Seong

2 months ago | mckinsey.com | Jeongmin Seong |Olivia White |Michael Birshan |Sven Smit

Trade reconfiguration continues along geopolitical lines, this update with 2024 data shows. Trade relationships are continuing to reconfigure, and changing geopolitics is a major reason. The United States has continued to shift trade away from China and toward other economies such as Mexico and Vietnam. In some cases, this is due to these economies forming an intermediate step in trade flows between China and the United States.

2 months ago | mckinsey.com | Jeongmin Seong |Olivia White |Michael Birshan |Sven Smit

Trade reconfiguration continues along geopolitical lines. Trade relationships are continuing to reconfigure, and changing geopolitics is a major reason. The United States has continued to shift trade away from China and toward other economies such as Mexico and Vietnam. In some cases, this is due to these economies forming an intermediate step in trade flows between China and the United States.

Sep 2, 2024 | mckinsey.com | Gautam Kumra |Jeongmin Seong

The world remains deeply connected by virtue of global trade, but the geometry of economies’ connections has been shifting. Some major economies are moving toward trading more with geopolitically closer partners, while others continue to deepen their international trade networks both geographically and across the geopolitical spectrum. Asia is at the forefront of this shifting geometry of global trade in all its shapes.

Nov 27, 2023 | asianews.network | Jeongmin Seong |Nick Leung

November 28, 2023 HONG KONG – China has been at the forefront of Asia’s remarkable rise to prominence in the global economy over the past 30 years, becoming the epicenter of trade and growth. But more complex times are coming and new challenges will need to be met. New research from the McKinsey Global Institute asserts that Asia may be on the cusp of a new era.

Nov 24, 2023 | chinadailyhk.com | Jeongmin Seong |Nick Leung

Future set to be very different from past 30 years when region rose to global prominence(SHI YU / CHINA DAILY)China has been at the forefront of Asia’s remarkable rise to prominence in the global economy over the past 30 years, becoming the epicenter of trade and growth. But more complex times are coming and new challenges will need to be met. New research from the McKinsey Global Institute asserts that Asia may be on the cusp of a new era.