Rural panel surveys are the most appropriate source of data for studying the unprecedented rapid migration and urbanization currently taking place in China and other developing countries. This paper provides a selective review, focusing on the panel survey methodologies of several studies, which are organized based on our proposed four key elements of panel surveys: representativeness, retrospect-prospect, multilevel tracking, and temporality. To maximize heterogeneity in urbanization and development over the last three decades, we select rural panel surveys from five Asian countries: India, Indonesia, Nepal, Thailand, and China. We analyze the strengths and weaknesses of the selected panel surveys to provide directions for designing future rural panel surveys in China and elsewhere in the developing world.