On December 19, 2024, the 22nd lecture of the Song Zexing Lecture Hall for Overseas Masters at Liaoning University, was held in the auditorium of the Discipline Inspection and Supervision Building in Puhe Campus. Song Zheng, Professor of Economics at The Chinese University of Hong Kong, Head of the Department of Economics, Fellow of the World Econometric Society, and Senior Fellow of the The Asian Bureau of Finance and Economic Research, was invited to deliver an academic report titled "Global Effects of Industrial Policy". Professor Yu Miaojie, a deputy to the 14th National People's Congress, a member of the Standing Committee of the 14th Liaoning Provincial People's Congress, and the vice secretary of the CPC Committee and president of Liaoning University, attended the report meeting and delivered a welcome speech. Professor Huo Weidong, Deputy Director of the Department of Economics at Liaoning University, Professor Dong Baomin, Deputy Director, and Associate Professor Kong Xiao, Office Director, as well as Professor Zhang Danning and Professor Zhang Guanghui, Vice Dean of the School of Economics, attended the report meeting. The report was chaired by Professor Li Zheng, Dean of the School of Economics.

President Yu Miaojie solemnly introduced Professor Song Zheng's outstanding achievements in the research of Chinese economy and macroeconomics to the attending teachers and students. Professor Song Zheng has published papers in top international economic journals such as American Economic Review, Econometrica, and Journal of Political Economy. His paper "Growing Like China" has won the "Sun Yefang Economic Science Award" and the "Excellent Paper Award for Chinese Young Economists". Yu Miaojie expressed his gratitude to Professor Song Zheng for being appointed as an honorary professor at Liaoning University, and pointed out that Professor Song's joining will undoubtedly help the overall development of the university, promote discipline construction, talent cultivation, knowledge inheritance, theoretical innovation and other aspects to achieve more significant results.

At the report meeting, Professor Song Zheng noted that the study of the effects of industrial policies has become a hot topic in current domestic and international economic research, mainly due to the profound changes brought by the rapid development of China's economy from "quantity" to "quality" to the global economic system and the successful experience of China's industrial policy practice. He constructed a two country model based on linear production function and CES utility function, systematically deducing how industrial policies implemented on specific enterprises or groups of enterprises have significant impacts on the global economy through two channels: "commodity prices" and "labor wages". Through a systematic explanation in simple terms, the logical mechanism of the internationalization impact of a country's industrial policy has been clarified, providing a new research perspective for industrial policy evaluation. Finally, the attending teachers and students had in-depth discussions with Professor Song on issues such as micro data acquisition and the impact of market structure types.

After the report, Yu Miaojie presented Professor Song Zheng with an honorary professorship letter, Vice Director Huo Weidong presented a commemorative plate of "Song Zexing Famous Lecture Hall", Vice Director Dong Baomin presented the "Liaoning University Think Tank Report", Vice Dean Zhang Danning wore the school emblem and hat, Vice Dean Zhang Guanghui presented commemorative photos, and representative of the School of Economics, Li Jingwen, presented flowers.

The report meeting is hosted by the Department of Economics at Liaoning University and organized by the School of Economics. Nearly 150 faculty and student representatives attended the conference.

A Biography of Professor Song Zheng:

Professor Song Zheng is a Weilun Professor of Economics, Head of the Department of Economics, Fellow of the World Econometric Society, and Senior Fellow of the Asian Financial and Economic Research Council at the Chinese University of Hong Kong. My research focuses on the Chinese economy and macroeconomics. He has published papers in top economic journals such as American Economic Review, Econometrica, and Journal of Political Economy, and won the Sun Yefang Economic Science Award (2013). Serving as Deputy Editor in Chief of Econometrica, Journal of International Economics, and Review of Finance, Director of the Joint Research Center for Chinese Economy between Tsinghua University and The Chinese University of Hong Kong, Director of the Joint Research Center for Digital Economy between Zhejiang University and The Chinese University of Hong Kong, Distinguished Visiting Professor at the School of Economics and Management of Tsinghua University and the School of Economics of Zhejiang University, Distinguished Professor at the Guanghua School of Management of Peking University, Member of the Business Discipline Subcommittee of the Hong Kong Research Grants Council, Member of the Currency Issuance Committee of the Exchange Fund Advisory Committee of the Hong Kong Monetary Authority, and Academic Advisor of the Hong Kong Institute of Monetary and Financial Studies.