Professor Chong-En Bai is Mansfield Freeman Chair Professor, Executive Associate Dean of the School of Economics and Management of Tsinghua University. He is also the Director of the National Institute for Fiscal Studies of Tsinghua University. He earned his Ph.D. degrees in Mathematics and Economics from UCSD and Harvard University, respectively. His research areas include Institutional Economics, Economic Growth and Development, Public Economics, Finance, Corporate Governance and Chinese Economy. Professor Bai is a member of the executive committee of International Economic Association, and of the Scientific Council of the Barcelona Graduate School of Economics. He currently serves on the editorial board of a few top economic journals in China. He also served on the editorial board of Journal of Comparative Economics from 2004 to 2006 and of The World Bank Economic Review from 2006 to 2008 as well as from 2011 to 2013.