• Trudge [Comrade]@lemmygrad.ml
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    4 months ago

    McKinsey: The Urban China Initiative was a non-profit initiative co-founded in 2011 with Columbia University and Tsinghua University. The Urban China Initiative is not McKinsey, and it did not perform work on McKinsey’s behalf. To our knowledge, McKinsey was not compensated for any UCI-related research or initiatives.

    The decade-old report described in a recent news article was not authored by McKinsey and is not McKinsey work.

    As we have stated previously: The central government of China is not, and to our knowledge has never been, a client of McKinsey. Our client work in China is overwhelmingly for U.S., multinational and Chinese private sector entities.

    We reject efforts to use a document McKinsey didn’t write and work we didn’t do to call into question our 75-year history of supporting the US government. We stand by our previous statement and our commitments to US clients.

    https://www.mckinsey.com/about-us/media/mckinsey-statement-concerning-recent-financial-times-article