Peking University economist who argued from the 1980s for turning state-owned firms into shareholding companies, which earned him the nickname 厉股份. His doctoral students included 李克强.
Li Yining taught at Peking University for many years.
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His nickname has company: he was later also called 厉民营 for backing private business and 厉土地 for rural land reform, while his fellow reform economist 吴敬琏 became 吴市场, 'Market Wu'.