The musical will begin a tour of the country after the premiere at Peking University.
Peng said: "I've seen how music and singing have helped children visit distant places, gain knowledge and understanding of the world, and hence, to foster new life expectations.
"Music changes their lives as well as others'."
In October, another children's musical, Painting Changes Life, produced by Yu Ding, a professor of Central Academy of Fine Arts, will be staged at Peking University.