This project will create a PKU-CMB Lab for Health Economics (LHE), which will produce rigorous economic research for better health policymaking and help train the next generation of Chinese health economists. In policy-related research, the LHE will focus on research related to the national priorities as indicated in the 12th five-year Health Reform Plan, specifically: the universal insurance system, national drug policy, and public hospital reform. The LHE will also produce a cadre of young Chinese health economists by providing researchers with access to high-quality data, new research opportunities, and mentorship from Chinese and international researchers.