Development Futures: Bert Hofman on China’s economy

China is facing many economic problems, at home and abroad. The two are connected. Weak demand at home has contributed to a sharp rise in Chinese manufacturing exports, especially in green technologies such as electric vehicles. Surging Chinese exports have in turn prompted a backlash from the United States, Europe, and others who accuse China of exporting overcapacity and damaging their own green industrial ambitions.

In this episode, Roland Rajah, Director of the Indo-Pacific Development Centre (IPDC), talks with Dr Bert Hofman, one of the leading international experts on China’s economy and a widely respected development economist and practitioner. They discuss China’s development model, the idea of “Peak China”, whether China is exporting overcapacity, what this all means for developing countries, and Bert’s ideas for what the world should be doing in response.

Dr Hofman is currently an adjunct professor at the East Asian Institute at the National University of Singapore and before that was with the World Bank for almost three decades, most recently as director of the World Bank’s country office in China.

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