Yao Yang is Dean of the National School of Development in Peking University, Professor and director of CCER, member of China Economist 50 Forum, winner of Sun Yefang Economic Award in 2009 and 2015, winner of Pu Shan Award in 2008 and 2010, and winner of Zhang Peigang Development Economics Award in 2008. His research interests include new political economy, China’s economic growth under opening-up, and development of rural areas. Xi Tianyang is Associate Professor of Political Science in the National School of Development, Peking University. His research interests include political economy, comparative politics, institutional economics and economic history.