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Mr. Liu Xiaoguang is currently an Associate Professor of National Academy of Development and Strategy, and the Director of China Centre for Government Debt Research in Renmin University of China (RUC). He received a PhD of Economics from Peking University, and was a Visiting Scholar at New York University and University of Chicago. He served as a Part-time Economist at the International Monetary Fund, as well as a Consultant for the Asian Development Bank. Liu’s study focusses on Macro Finance, International Economics and the Labor Market, on which he has published more than 20 academic papers and 4 monographs. He has been consistently engaged in compiling the Keynote Presentation of China Macroeconomic Forum, a quarterly forum hosted by RUC since 2006. Based on his outstanding work, Liu has been awarded Liu Shibai Economics Prize, Outstanding Scientific Research Award of Renmin University of China, China’s Think Tank Academic Achievement Award and National Excellent Doctoral Dissertation of Economics.