Tao Sun received his Ph.D in economics at the Chinese Academy of Social Sciences in 1998, and then started working first in the International Department and then the Financial Stability Bureau of the People’s Bank of China, working on the annual China Financial Stability Report. During March 2003-March 2004, he worked in the Asia Pacific Department of the International Monetary Fund. Since May 2007, Tao Sun has been an economist in the Monetary and Capital Market Department at the International Monetary Fund and is now part of the team that produces the semi-annual Global Financial Stability Report.