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 collection of seventeen influential essays written and published from 1980 to 2015. Incorporating original research, policy proposals, and theoretical thinking, these essays trace the development of Li’s thought and the process through which the China Miracle has been worked over the last four decades. This updated new edition introduces how inextricably linked Li’s academic work has been to the development of a distinctively Chinese path of economic reform.