Development Research Center of the State Council (DRC) is a comprehensive policy research and consulting institution directly under the State Council, the central government of the People’s Republic of China. Being one of the leading policy research and consulting institutions noted domestically and internationally along with a team of prominent economists and qualified experts and researchers in the fields of macroeconomic policy, development strategy and regional economic policy, industrial economy and industrial policy, rural economy, technical economy, foreign economic relations, social development, market circulation, enterprise reform and development, finance as well as international economy.

     Since its establishment in 1981, DRC has done a great deal of creative work in promoting the reform and openness of China. DRC has been actively involved in the policy-making processes of the central government such as the formulation of the state five-year plans for the national economic and social development and the long-term development programs as well as the research and policy-making processes on the major reform and opening-up policies in different stages. It has also participated in and sponsored many major national research projects and study of the strategies and planning in the regional development.

     Over the years, DRC has established extensive contacts with many foreign government institutions, academic and business communities as well as international organizations and has conducted various forms of bilateral and multilateral international exchanges and cooperation. DRC has undertaken a number of major research projects sponsored by the international organizations and foreign institutions and many constructive results have been achieved. A series of high-level international conferences, such as “China and the World in the Nineties” and “China Development Forum” sponsored and organized by DRC have been highly appraised by the Chinese government leaders and senior personalities from political, academic and business circles from both home and abroad. These external exchanges and cooperation aim at drawing on useful international experiences to advance China’s reform, development and opening to the outside world as well as helping the world to understand China, so as to promote the world peace and development and the common prosperity of China and the rest of the world.