This book delves into the case study of Dai Village in Lanling County, Shandong Province, a model for achieving common prosperity through rural development and reform. Dai Village’s success hinges on a novel collective management approach: fostering the village’s economic growth, encouraging villager entrepreneurship, and ultimately strengthening the community, enriching its residents, and fostering shared prosperity. The Dai Village experience highlights the crucial balance between collective income growth and individual livelihood projects. Both elements are essential and mutually reinforcing, requiring a balanced approach that avoids neglecting either or resorting to simplistic arrangements or egalitarianism. This model offers valuable insights and practical takeaways for the construction of a comprehensive framework for rural revitalization.