The McKinsey Global Institute's (MGI) report highlights the importance of innovation in China, which is now cheaper, faster, and more global. MGI aims to provide insights on management and policy decisions for leaders in various sectors. The report focuses on six themes, including productivity and growth, natural resources, labor markets, global financial markets, technology and innovation, and urbanization. The report assesses various countries and industries, including China's digital transformation, India's path from poverty to empowerment, and affordable housing. The report is led by three McKinsey & Company directors and includes project teams led by senior fellows.