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Is China's demography China's destiny? A chat with former World Bank economist Bert Hofman
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When the National Bureau of Statistics recently revealed that China's population had shrunk in 2022 for the first time in 60 years, conventional wisdom predicted that China was headed for catastrophe, as its workforce shrank, its pension coffers dried up, and its healthcare system grew overtaxed. Not so fast, says Bert Hofman, who spent 22 years in Asia with the World Bank, focused chiefly on China. Now a professor at the Lee Kuan Yew School of Government at the National University of Singapore, Bert offers a deeply-informed take on the challenges China does face — and how it might address them without suffering economic stagnation.
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