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Bert Hofman
Bert Hofman
Bert Hofman, a Dutch national, is director of the East Asian Institute at the National University of Singapore and Professor in Practice at the Lee Kuan Yew School of Public Policy. Before joining NUS, he worked with the World Bank for 27 years, including 22 years in Asia, with 12 years on China. Mr Hofman was the World Bank country director for China from 2014-2019, the country economist from 2004-2008, and the chief economist for the World Bank in the East Asia and Pacific region from 2011-2014. He also worked on Indonesia, the Philippines, Korea and Mongolia. Mr Hofman has extensive experience in advising governments around the region on a wide range of development issues, and has published on fiscal...

Tax reforms and better social benefits will bring down savings, boost consumption, and so lessen reliance on credit-driven investment and cut banking risks. Investor fears of a return to a more planned economy should be assuaged – removing the policy uncertainty that common prosperity has raised should be a first priority.

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China economy