High-powered think tank seen as brains behind Chinese leaders

4. Li Yang, researcher and the former vice-president of Chinese Academy of Social Sciences, also a former member of the Monetary Policy Committee at the central bank.

Economist Li Yang speaks during the 47th General Assembly and Annual Meeting of World Federation of Exchanges in Shanghai, on Oct 15, 2007. [Photo/IC]

Li has been a guest to Zhongnanhai more than twice since the 18th CPC National Congress. He is reported to have participated in the formulation of the 13th Five Year Plan.

Li said the domestic reform should be in concert with the external one. During the process, China, apart from establishing a socialist market economy, should also initiate a global economic system in the same spirit.

In a symposium in October, he delivered a speech in front of a group of scholars, officials and owners of private enterprises and expressed his view on macro-economic regulation. He said it was crucial to distinguish different economic fluctuation, which may be short-term, periodic or have long-term impact and make the right choice.