This study investigates the value essence of "Double reduction" ("Shuang jian") policy in China from a perspective of policy narrative. It examines three values essences of "Double reduction" (Shuang jian) policy, including the core value of running schools: student-centered education; the leading value of running schools: quality-based education and the dominant value of running schools: home-school cooperative education. The interactive analysis of "Double reduction" ("Shuang jian") policy in China highlights that the main purpose of the "double reduction" policy is to solve major problems related to people's livelihood in the field of education and provide people with higher quality and universal educational resources. In addition, suggestion, conclusion, and remark are offered in the last.