1982, Bachelor's degree and 1984, Master's degree, Northwestern University at Xi'an; 1992, MPhil in Economics and DPhil in Economics, Oxford University. Economist known for advocacy of free markets. 1984-90, Research Fellow, Economic System Reform Institute of China under the State Commission of Restructuring Economic System. Was heavily involved in economic reform policy-making in China. 1984, first Chinese economist to propose the "dual-track price system reform". 1994, co-founded China Center for Economic Research (CCER), Peking University; Associate Professor; then and until Aug. 1997, Professor. Sept. 1997, joined Guanghua School of Management; former Head of the School.