(XINHUA)

Li Yining, a renowned economist and the Honorary Dean of Guanghua School of Management of Peking University, was given a Lifetime Achievement Award at a CCTV gala honoring the Economic Figures of 2013 on December 12.

Few economists have steered China's development path in the same way as Li, since his idea of joint-stock reforms guided China to transform itself from a planned to a socialist market economy.

Li, 83, has been teaching in Peking University since 1955.