Executive Committee

The China–United States Exchange Foundation acknowledges its profound indebtedness to members of the Executive Committee for their dedication and hard work in producing this groundbreaking study. The Executive Committee is responsible for planning, organizing and researching this study. This report is divided into two parts. Part I forms the main report, while Part II consists of supporting sub-reports for Part I. The Executive Committee takes overall responsibility for Part I. As for Part II, the Executive Committee identified topics of special interest to be researched and invited individual authors to contribute their work independently.


Victor K. Fung

Chairman, The Fung Group

Chairman, The Fung Global Institute

Vice-Chairman, China–United States Exchange Foundation

Lawrence J. LAU

Ralph and Claire Landau Professor of Economics,

The Chinese University of Hong Kong

Kwoh-Ting Li Professor in Economic Development,
Emeritus, Stanford University


Michael J. BOSKIN

Tully M. Friedman Professor of Economics and Senior Fellow
at the Hoover Institution, Stanford University


Vice President, Peking University

Chancellor of Shenzhen Graduate School, Peking University

Founding Dean and Professor of Economics,

HSBC Business School, Peking University

FAN Gang

Director, National Institute of Economic Research

Chief Researcher, China Center for International Economic Exchanges

Professor of Economics, Peking University and the
Graduate School of Chinese Academy of Social Sciences

Michael SPENCE

Professor of Economics, Leonard N. Stern School of Business
at New York University

Senior Fellow at the Hoover Institution and the Philip H.
Knight Professor Emeritus of Management in the
Graduate School of Business, Stanford University

Recipient of the Nobel Prize in Economic Sciences in 2001