Will the Chinese internet change the world?

Chinese consumers love the internet. In the past decade, they’ve driven the explosive growth of e-commerce and social media. Chinese businesses, on the other hand, have yet to plug into the full power of the internet. If and when they do, however, they could unleash a whole new wave of productivity, innovation and growth in the Chinese economy. And the impact of these changes could be felt worldwide.

In this podcast, Nick Leung discusses this topic with Jonathan Woetzel and Yougang Chen. They’re authors of a new report from The McKinsey Global Institute. Jonathan is a director in Shanghai who leads MGI in Asia. Yougang is a Partner who leads MGI in China. Nick is Managing Partner of McKinsey’s Greater China practice.