McKinsey Partners Debate China Presence as US Tensions Rise
- Some senior partners doubt whether China is worth the risk
- Managing Partner Sternfels says firm needs to stay global
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McKinsey & Co. partners have been questioning the consulting giant’s presence in China, worried that doing business there may not be worth the risks given the Asian superpower’s increasingly volatile relationship with the US.
Some senior partners have been voicing these concerns since late last year, even before Donald Trump was re-elected with a pledge to ratchet up pressure on China, according to people familiar with the matter. The partners argue the lucrative North American business can more than offset a China retreat, some of the people said, declining to be identified as the details are private.