Former Chief Economist and Senior Vice President of the World Bank Lin Yifu, who is also the honorary director of the National School of Development of Peking University, speaks at a panel of Boao Dialogue during the Boao Forum for Asia (BFA) annual conference 2014 in Boao, south China's Hainan Province, April 9, 2014. (Xinhua/Guo Cheng)

Former Chief Economist and Senior Vice President of the World Bank Lin Yifu, who is also the honorary director of the National School of Development of Peking University, attends a panel of Boao Dialogue during the Boao Forum for Asia (BFA) annual conference 2014 in Boao, south China's Hainan Province, April 9, 2014. (Xinhua/Guo Cheng)

Former Chief Economist and Senior Vice President of the World Bank Lin Yifu (R), who is also the honorary director of the National School of Development of Peking University, attends a panel of Boao Dialogue during the Boao Forum for Asia (BFA) annual conference 2014 in Boao, south China's Hainan Province, April 9, 2014. (Xinhua/Guo Cheng)