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McKinsey claimed in marketing materials that it had advised 🇨🇳 central government on boosting domestic consumption and reforming healthcare policy, raising fresh questions over the consulting firm’s denial that it ever worked for Beijing. A McKinsey China website that was shut down in 2019 said that about 10% of its clients in the country were government agencies or non-profit groups. “McKinsey’s impact in China goes well beyond our work in the corporate sector,” according to an archived copy of the website, mckinseychina.com, which now redirects to McKinsey’s main international site. “In the past decade alone, we’ve served over 20 different central, provincial and municipal government agencies on a wide range of economic planning, urban redevelopment and social sector issues.” The marketing materials added that the firm had “advised several central government ministries on a range of high impact issues, from designing healthcare reform policies, to providing talent and leadership development programs for the next generation of government leaders, to crafting policies and specific measures aimed at spurring more domestic consumption”. Bob Sternfels, McKinsey’s global managing partner, told a congressional hearing earlier this month that the firm had never worked for 🇨🇳 central government. ft.com/content/159f27
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Byron Wan
@Byron_Wan
McKinsey-led think-tank Urban China Initiative advised China to deepen cooperation between business and the military and push foreign companies out of sensitive industries as part of a project for the 🇨🇳 central government in 2015. The recommendations in the book “Scientific and…
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