Book demystifies nation's reform and development

The success of China's economic reform and development in the past three decades has attracted global attention. Of the major factors in this success, the reform of State-owned and other non-private sectors is considered the most striking.

Li Yining is arguably the nation's most eminent economist. His book, Economic Reform and Development - the Chinese Way, features 16 papers Li published during 1980 and 1998, on these epochal events, offering a perspective that is unfamiliar to Western readers.

For instance, the 1986 Basic Thoughts on Economic Restructuring was written seven years after the initiation of the country's economic restructuring, when the household contract system, which gives farmers greater control over their produce and a direct share in profits and losses, had been adopted in rural areas nationwide.