Known as "Li the Shareholding Guru," economist Yining Li has had a significant impact on China’s economic transition, most notably as an early advocate of ownership reforms in the state and other non-private sectors and in his promotion of shareholding theory, initiating the drive towards a modern corporate system in China. The thinking behind these and other landmark contributions that have helped to reshape China are featured in Chinese Economic Reform and Development, a collect...

Known internationally as ‘Mr. Shareholding’ economist, Li Yining has had a transformative impact on China's economic transition, most notably as an early advocate of ownership reform and in his promotion of shareholding theory. By examining the interrelationship between the government, enterprises and the market, Chinese Economy in Disequilibrium presents an in-depth discussion on the issues of resource allocation, industrial structure, institutional innovation and economic fluctuation in ...

This book explores how moral factors exert influence on economy from an economic and philosophical point of view. The book takes an in-depth look at topics such as efficiency and coordination, fairness and identification, law and self-discipline and the third distribution, which have long been the focus of public attention. As expounded in this book, in places where regulation by market or government does work, there are still some gaps that the two modes of regulation cannot reach owing t...

Examined by Mr. Li Yining himself, the forty articles included in this book present a panorama of the forty years since China adopted the reform and opening-up policy. The issues range from the reform of the Chinese economic system to the challenges and chances encountered in this process, from China’s agricultural and industrial reform to education and management closely related to economy. A crystallization of Mr. Li’s thesis during the past four decades, the book sheds light on future e...

Culture is a priceless inheritance and source of wellbeing that is of immense value to humankind. Cultural economics set out to examine the nature and social benefits of cultural products and phenomena as they exist in the market.This volume is the masterpiece of Li Yining, one of the best-known Chinese economists, active in devoting his attention to the role of culture in the economy since the 1950s. Considering the importance of culture in the development of socialism with Chines...

Economic transformation in traditional development economics refers to the transition from an agricultural society to an industrial one. Based on the practical conditions and the experience since reform and opening up in the late 1970s, the author observes that the path China's economy takes is a dual transformation, namely, developmental transformation from an agricultural society to an industrial economy, and institutional transformation from planned economy to market economy.Cen...

This book addresses how China could avoid the middle-income trap. Professor Li Yining proposed the framework and wrote the first article. Under Li’s guidance, other articles were written by researchers at the Guanghua School of Management, Peking University. It is well known that China's reform has been highly successful, but there are still many unsolved institutional problems. The book’s authors suggest that the middle-income trap is composed of three traps. Firstly, there is the “develo...

This book presents a study of China's new urbanization, which is one of the country’s major economic issues and embodies the characteristics of its economic development. Professor Yining Li proposed the framework and wrote the first article. Under Li's guidance, other articles were written by researchers at the Guanghua School of Management, Peking University. In the central government development plan, urbanization is the main force stimulating domestic demand. And after more than 10 year...

In the context of global population aging , the aging population of China is not only a China-specific problem but also a global concern. Based on in-depth analysis, this book focuses on the increasingly serious issue of aging population of China at the present time, and explores the possible path and solution from the new type of demographic dividend that is innovation. With 1/5 of the global aging population in the world, China has the largest aging population and is aging faster and dee...

This book focuses on the administration streamlining aligned with the market-oriented reform process in China. The book is divided into two parts. The first part clarifies why administration is necessary and important, what it covers, and how to deal with the relation between the central and the local governments. The second part presents empirical analysis in specific areas, including agricultural reform, fiscal reform, government reform and education reform, and a series of decentralizat...

China should complete its transition to a market economy through enterprise, land, labor, and financial sector reforms, strengthen its private sector, open its markets to greater competition and innovation, and ensure equality of opportunity to help achieve its goal of a new structure for economic growth. These are some of the key findings of China 2030, a joint research report by a team from the World Bank and the Development Research Center of China’s State Council. This report lays out t...

The current economic crisis has called into question the long term viability of the decoupling between multinational firms and the banking system. It has also cast serious doubts on the US dollar-centred monetary system, and invited reassessment of the long term viability of US-China economic relations based on a US current account deficit absorbed by Chinese financial institutions. It is also an opportunity to analyse the rise in property prices, particularly in fast-growing economies. Lo...