Abstract: In Bankruptcy Law in the Mirror: A Dynamic Equilibrium Between Efficiency and Fairness Principles, Professor Gao Simin develops a framework of dynamic equilibrium to explain how efficiency and fairness are jointly constituted within Chinese bankruptcy law. The book’s central contribution is its reconceptualization of efficiency and fairness as mutually interdependent dimensions of insolvency governance, whose salience varies across procedural contexts. Building on this analytical framework, this review assesses the monograph’s theoretical innovation, practical significance, and methodological implications for ongoing bankruptcy reform in China. It further examines the framework’s internal limitations and tensions between insolvency law and external economic regulatory regimes, alongside its applicability boundaries for digital platform insolvency.