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Li Yining was a Chinese economist. He voiced for the privatization of state-owned companies, and his advocacy led to the reestablishment of China's stock exchanges in 1990. For this reason, he was nicknamed "Li Gufen", while Wu Jinglian is known as Wu Shichang. Along with Yu Guangyuan and Wu Jinglian, Li was credited with providing the theoretical basis for the market-oriented reform that has propelled China's economic growth.
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