The start of a new year and the cusp of a new era

Observed by billions of people and celebrated in Asia and around the world, Lunar New Year is a time for family reunions, good food, and colorful celebrations. This year, the festival kicks off on February 10 and welcomes the year of the dragon—a fitting symbol of strength and opportunity at a time when Asia is at the forefront of global change. “Asia is the new majority of the world,” says McKinsey’s Jeongmin Seong. “It accounts for 57 percent of global GDP growth, 64 percent of patent generation, and more than half of global middle-class households.” As New Year celebrations get underway, check out these insights to learn more about Asia’s opportunity to influence and shape a new era—for its own economies and for the world.

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