The main purpose of this visit was to share experiences in the construction and maintenance of micro-simulation models. During the visit, Professor Li Shi introduced the current situation and problems of income distribution in China and clarified the necessity and importance of the micro-simulation model in analyzing China's policy. Income & Benefits Policy Center of the Urban Research Instituteintroduced the Institute's work in different topics, including “Introductions and Overview", "Income and Poverty of the Urban Research Institute" and etc. In the end, the two sides carried on in-depth communication on future issues of long-term cooperation.

From October 27 to 28, the delegation also visited the headquarters of the World Bank and the International Food Policy Research Institute in Washington, DC. The delegation discussed the issues ofincome distribution policy and its research trends, high-income accounting, wealth inequality, and the World Bank's commonly used policy research tools with the World Bank Research Department and exchangedincome distribution and poverty research trends, CGE-microsimulation model and other issues with International Food Policy Research Institute.

The fruitful achievements of this visit will significantly promote the construction of China's micro-simulation research center, and further improve China's assessment and practice of relevant policies.