At the age of economy-globalization, with the fluxion and recombination of capital essentials, information essentials, technology essentials and manpower essentials at unprecedented speed, every country and region are being pushed into one integrative world economy system, and the competition of entire national-power, based on economy and technology foundation, is increasingly cruel. The new labor-productivity higher than ever depends more and more on the ability of the creation, process, transmission and application of information and knowledge. The integrated function of modern university in every segment of information and knowledge creation, process, transmission and application, strengthens its role in the development of modern social and economy development.

In this paper, through the case of Peking University's striving for world-class university and its renovation and with reflections on China universities' practice, the lecturer introduce the evolvement and great changes of Chinese higher education system since Chinese Open Door Police of 1980s, and prospects future missions of China's universities: producing creative talents of high-quality, carrying out high-standard academic research, provide valid social services, and wide international cooperation.

With the implementing of The Strategy for Invigorating Nation with Science and Education and the Project of Invigorating 21-Century Higher Education, The lecturer thinks there are very important historical opportunities for Chinese universities and there are also great challenges for the president of China's university.

(China.org.cn, July 29, 2002)