(Beijing News) Li Yining, the founder of China's reform and opening up and a well -known economist, died in Beijing on Monday night due to illness treatment at the age of 92.

Peking University News Network on Monday night (February 28) announced that Li Yining, senior professor of Peking University Philosophy and Social Sciences and Honorary Dean of Guanghua School of Management, died at the Beijing Union Hospital at 7:31 pm on February 27, 2023EssencePeking University has set up a funeral working group, and the teachers and students of the school have mourned Mr. Li Yining.

Li Yining enjoys a fame in the Chinese economics community. In the 1980s, he proposed the concept of large -scale joint -stock system transformation of state -owned enterprises and collective enterprises with unclear property rights, and was nicknamed by the "Li shares" by the economics community.Li Yining and Wu Jinglian, who enjoyed the name of "Wu Market", and Yu Guangyuan, the first generation of reformist economists in China, were the founders of China's reform and opening up.

Li Yining was born on November 22, 1930 in Nanjing, Jiangsu.After graduating from the Department of Economics of Peking University in 1955, he stayed in school and taught at school. He served as a dataman, teaching assistant, lecturer, associate professor, professor, and doctoral supervisor.He served as the president of Peking University School of Business Administration; from 1994 to 2005, he was the president of Peking University Gwanghua School of Management.

He is also the former deputy director of the Finance and Economics Committee of the National People's Congress of China, former deputy director of the Legal Committee, and former Deputy Director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference; in 2013, he won the 14th CCTV China Economic Person and Lifetime Achievement Award.