The Chinese government must move away from directing and owning resources.
W. Raphael Lam
W. Raphael Lam is IMF Deputy Resident Representative in China. He comanages the office by providing policy advice and undertaking analytical work, and helps coordinate IMF-China technical assistance and training in China. He participated in the IMF's lending program to Iceland during the global financial crisis and Japan's Financial Sector Assessment Program, and was involved in IMF regional surveillance in Asia. He has written research papers on a wide range of issues on China, including real estate, the labor market, local government finances, and state-owned enterprise reform. Mr. Lam previously worked with the Hong Kong Monetary Authority and has a Ph.D. in economics from University of California, Los Angeles.