On December 22, 2024, the 7th Liu Shibai Prize in Economics and the China High-end Forum on Economic Innovation and Development was held in Beijing. After qualification evaluation, expert evaluation, meeting evaluation and the evaluation and approval of the award committee, 10 awards were selected this year. The monograph ‘Outward Foreign Direct Investment of Chinese Enterprises’ jointly written by Tian Wei, a permanent associate professor at Peking University and Professor Yu Miaojie, President of Liaoning University was listed. This is the second time that Professor Yu Miaojie won this award after his book Processing Trade and Enterprise Productivity was awarded in the 2nd Liu Shibai Prize in Economics in 2014.
As one of the most influential economic prizes in China, Liu Shibai Prize in Economics was established by Southwestern University of Finance and Economics and Liu Shibai Prize Fund. Reviewed every two years, the award aims to promote the study of economics with China characteristics. The scope of the award covers all fields of theoretical economics and applied economics. The object of the award is the publicly published economic research results with high theoretical level and academic value, which have strong significance and application for studying and solving major practical problems.
The award-winning work of Professor Tian Wei and Professor Yu Miaojie has been officially published overseas by Springer, a world-renowned science and technology book publishing company. Focusing on China’s fast-growing outward direct investment (ODI), the book analyzes the deep-seated reasons that affect China enterprises to go global. The book also interprets the evolution of China’s opening design in the past decades and discusses several important measures to build an all-round opening up strategy, which provides further policy insights for the sustainable development of China’s opening up. The book includes eight chapters, analyzing the basic characteristics of ODI manufacturing enterprises in China and the relationship between enterprise productivity and ODI, investigating the differences between state-owned enterprises and private enterprises in factor market, enterprise ownership and investment and analyzing the overall impact of foreign direct investment (FDI) and China-US bilateral investment treaty (BIT) on manufacturing productivity and profitability in China. Meanwhile, the book also outlines the three stages of China’s economic reform and opening-up in the past 40 years, analyzes the reasons why China has made brilliant economic achievements in such a short time and the main driving forces of China’s international trade increase in different stages and discusses the future tasks of pushing China into a new stage of all-round opening-up.
Introduction to the authors:
Tian Wei is an associate professor from School of Economics of Peking University. Graduated from Guanghua School of Management of Peking University as a Ph.D graduate, her research fields are international economics, development economics and applied microeconomics. Her research interests are foreign direct investment, international trade and enterprise import and export. Her papers have been published in top and first-class journals at home and abroad, such as Economic Journal, Journal of Economic Behavior and Organization, Review of International Economics, The World Economy, Economic Research Journal, Managing World, Journal of World Economy and China Economics Quarterly. She has also presided over some national natural science fund programs and major social science programs. She has won the Ninth Outstanding Achievement Award in Philosophy and Social Sciences of the Ministry of Education, the Liu Shibai Prize in Economics and the Anzijie International Trade Research Award (twice).
Yu Miaojie is a deputy to the 14th National People’s Congress, a special inspector of the State Supervision Commission, a member of the Standing Committee of Liaoning Provincial People’s Congress, a member of the Legislative Committee of Liaoning Provincial People’s Congress and Deputy Secretary and President of the CPC Committee of Liaoning University. He is a fellow of the United Nations International Economic Association (IEA), deputy editor-in-chief of Economic Journal, a top international journal of economics, deputy editor-in-chief of Review of International Economics, an internationally renowned academic journal. He is a distinguished professor of National Talent Program, a distinguished professor of Boya Program at Peking University, a winner of the National Science Fund for Distinguished Young Scholars and an economist of the top 1% highly cited papers in global economics and management. His research fields are international trade and China’s economic development. He has published nearly 200 papers in top and first-class journals at home and abroad, such as Economic Journal, Review of Economics & Statistics, Journal of International Economics, Journal of Development Economics and Economic Research Journal and published 32 monographs, textbooks and essays in Chinese and English. He has been awarded the Royal Economics Award and the Wu Yuzhang Humanities and Social Sciences Award for Excellence.
