Prof Fang is Joseph M. Cohen Term Professor of Economics at the University of Pennsylvania. He also holds a secondary appointment at the Department of Health Care Management and the Department of Business Economics and Public Policy at the Wharton School. He has served as a co-editor for leading economics journals, including the Journal of Public Economics and the International Economic Review, and has served on the editorial board for numerous journals. He currently serves as a senior editor for the Journal of Risk and Insurance, and is on the editorial committee of Annual Review of Economics (2020-2024). He is a research associate at the National Bureau of Economic Research (NBER), where he served as the acting director of the Chinese economy working group from 2014 to 2016. He was faculty at Yale University, Duke University, and was Dean (Overseas, Part-Time) of the School of Entrepreneurship and Management, ShanghaiTech University.