Prof. LI Yining, Fukuoka Prize 2004 Academic Prize laureate, has passed away on the 27th February 2023.

Prof. LI Yining is one of China's most well-known economists. He was one of the first to propose in theory the necessity for economic reform, and presented a policy backed by a lucid theory of reform to achieve that goal. He also had served as a mentor for many who backed reform, contributing to the stunning economic growth in China that has seized the world's attention. His achievements had been widely hailed both in China and overseas.

When he received his award in 2004, attended the award ceremony and the public lecture entitled ‘Can Japan-China Cooperation Encourage the Economic Integration in the East Asian Region?’ where he talked about the importance of acceleration of ‘Transformation of government functions’, ‘Protection of private assets’ and ‘adjustment of income allocation’ for China’s economic reform. Also in his school visit, Prof. LI mentioned the continuation of the Aesop’s fable, “The Hare and the Tortoise” which ends with both the rabbit and turtle to win the race by cooperating together. Through the story, Prof. LI referred the importance of cooperative ties between Japan and China, and had interaction with many citizens of Fukuoka.

In memory of his many achievements, we would like to send our sincere condolences to his family. 

Secretariat of Fukuoka Prize Committee