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 on a Boao Dialogue on new structural economics during an annual meeting of the Boao Forum for Asia in Boao, south China's Hainan Province, April 6, 2013. (Xinhua/Xu Zijian)

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 on a Boao Dialogue on new structural economics during an annual meeting of the Boao Forum for Asia in Boao, south China's Hainan Province, April 6, 2013. (Xinhua/Xu Zijian)

Former Chief Economist and Senior Vice President of the World Bank Lin Yifu (R, back), who is also the honorary director of the National School of Development of Peking University, speaks on a Boao Dialogue on new structural economics during an annual meeting of the Boao Forum for Asia in Boao, south China's Hainan Province, April 6, 2013. (Xinhua/Xu Zijian)

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 on a Boao Dialogue on new structural economics during an annual meeting of the Boao Forum for Asia in Boao, south China's Hainan Province, April 6, 2013. (Xinhua/Xu Zijian)