The fellowship offers young Chinese journalists an opportunity to gain a better understanding of key issues and concerns in international affairs, particularly those relevant to U.S.-China relations. The award supports participation in a course on U.S. foreign policy/international affairs, followed by a specially-tailored month-long affiliation with a media or international affairs organization. If the Fellow prefers, The Asia Foundation office in Beijing screens applicants and submits nominations for consideration.
In 2011, Mr .Zhang Feifei, Reporter, News Department, Economic Observer, was the ninth L.Z. Yuan Fellow. The Foundation arranged a three-part program, comprised of participation in the "U.S. Foreign Policy Summer Institute" conducted by George Washington University's Elliott School of International Affairs; a three-week research affiliation with the Brookings Institution in Washington, DC; and a study tour to several cities in the U.S. to examine the current state of journalism, both traditional and new media, in the U.S.
The previous L.Z. Yuan Fellows were:
- Ms. Yu Yihan, Foreign Affairs Editor, Shanghai's Oriental Morning Post
- Mr. Li Hongwei, Editor/Reporter, The Global Times
- Ms. Pan Linhua, Executive Editor of International News, Editorial Department, China Central Television
- Mr. Wang Shuo, News Editor and Deputy Managing Editor, Caijing Magazine
- Mr. Yuan Tiecheng, Foreign Affairs Reporter, International News Department, China Youth Daily
- Mr. Yu Zheng, National news Desk Editor, Xinhua News Agency
- Ms. Cai Hong, Deputy Chief of Opinion Department, China Daily
- Ms. Hu Xiangqun, Field Director, International News, China Central Television
Contributions to the fellowship may be directed to the L.Z. Yuan Fellowship Fund, c/o The Asia Foundation, P.O. Box 193223, San Francisco, CA 94119-3223.

