Jonathan Woetzel is a senior partner with McKinsey in Shanghai and a director of the McKinsey Global Institute; Joydeep Sengupta is a senior partner with McKinsey in Singapore.
Opinion
Asia-Pacific should use its increasing wealth more productively
More investment in intangible assets will help recalibrate the region's economy
Qianhai business district in Shenzhen, pictured in May 2021: China has had the biggest expansion in its net worth, © VCG/Getty Images
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