This report was co-edited by Guijun Lin and Kar-yiu Wong under the general direction of Yao Wang, Senior Director of the Boao Forum for Asia. The team responsible for writing the report was formed by Guijun Lin and Kar-yiu Wong via the global network of the Research Center for International Economics at the University of International Business and Economics (UIBE), Beijing, China. Kar-yiu Wong led this team of about 20 economists, who come from dierent countries/regions and are specialists in the relevant areas.

Kar-yiu Wong, Lead Writer, University of International Business and Economics, China, University of Washington, USA, Hong Kong Baptist University, Hong Kong,China and Asia-Pacific Economic Association

Joshua Aizenman, University of California at Santa Cruz, USA

Yuk Shing Cheng, Hong Kong Baptist University, Hong Kong,China

Juyoung Cheong, University of Queensland, Australia

Rafiq Dossani, Stanford University, USA

Ying Fan, University of International Business and Economics, China

K.C. Fung, University of California at Santa Cruz, USA

Alicia García-Herrero, BBVA (HK), Hong Kong,China

Ying Ge, University of International Business and Economics, China

Yin He, University of International Business and Economics, China

Günter Heiduk, Warsaw School of Economics, Poland

Junjie Hong, University of International Business and Economics, China

Xiaoling Huang, University of International Business and Economics, China

Raghbendra Jha, Australia National University, Australia

Seung Rae Kim, Korea Institute of Public Finance, Korea

Yun Kwong Kwok, Hong Kong Baptist University, Hong Kong,China

Hyun-Hoon Lee, Kangwon National University, Korea

Yunhua Liu, Nanyang Technological University, Singapore

Somesh K. Mathur, I.I.T Kanpur, India

Pak Hung Mo, Hong Kong Baptist University, Hong Kong,China

Hiep Nguyen, University of Danang, Vietnam

Nguyen Chuong Ong, University of Danang, Vietnam

Kiyotaka Sato, Yokohama National University, Japan

Stephen Schwartz, BBVA (HK), Hong Kong,China

Weixian Wei, University of International Business and Economics, China

Tom Willett, Claremont Graduate University, USA

Taek-Dong Yeo, Yeungnam University, Korea

Xiaopeng Yin, University of International Business and Economics, China

Young Man Yoon, University of Incheon, Korea