This document summarizes the Environmental Economics Program in China (EEPC) at Peking University for 2008. It introduces the team members, including two professors, three research fellows, two associates, and five PhD students. It provides details on the expertise and research areas of five team members. It also summarizes the main research outputs in 2007-08 and plans for research in 2009 on topics like pollution control strategies, payments for ecosystem services, and environmental policy modeling.