On August 28, 2025, the second National Development Youth Forum hosted by Liaoning University (LNU) and undertaken by the Division of Economics of LNU was successfully held at Puhe Campus. The session received nearly 100 papers from 45 domestic universities, with over 80 experts, scholars and young students participating in the conference.
The opening ceremony was hosted by Professor Huo Weidong, Deputy Director of the Division of Economics. Professor Yu Miaojie, President of Liaoning University attended the opening ceremony and delivered a speech. On behalf of the university, he extended a warm welcome to the experts, scholars and young students participating in the forum, briefly introduced the important progress and historic breakthroughs made in the “Double First-Class” development of the university in recent years, extended the original aspiration of holding the forum and placed sincere expectations on the participating young students. He noted that contemporary youth should cultivate a strong sense of patriotism, integrate their personal development into the tide of the country and the times and encouraged young scholars to carry out research with practical value. He noted that LNU has always been in an open attitude and sincerely welcomes outstanding young students from all over the country to come for exchanges and visits, further their studies and realize their academic ideals and life plans.
Subsequently, he delivered a speech titled China-US Economic and Trade Game. By integrating the time nodes and game situations of China and the United States in different periods, he divided the China-US economic and trade game into three stages: China’s defense, China-US stalemate and China’s victory. He believeed that although the China-US trade war is long-term, China will eventually win. It is expected that shortly after the end of the 15th Five-Year Plan, China’s total GDP may surpass that of the United States. China enjoys significant advantages in supply capacity, market demand, talent resources and institutional mechanisms, while the US trade protectionist policies lack reasonable logical support. China has the confidence and ability to cope with this long-term challenge.
At the end of the opening ceremony, Professor Yu Miaojie presented certificates of honor to the award-winning authors of the forum.
The expert speech session of the forum was hosted by Professor Wang Weiguang, Deputy Director of the Division of Economics. Professor Wang Zhenyu, Dean of the Local Finance Research Institute of LNU, Professor Dong Baomin, Deputy Director of the Division of Economics of LNU, Professor Han Liangliang, Dean of the Business School of LNU and Professor Li Zheng, Dean of the School of Economics of LNU delivered speeches respectively.
Professor Wang Zhenyu delivered a speech titled “Local Government Financial Power and Its Interpretation - Based on Specific Considerations of Increasing Local Independent Financial Resources”. Based on the analysis of the basic essentials and realistic scenarios of increasing independent financial resources, under the new cognitive framework of powers and responsibilities, financial power, financial resources and responsibilities, he summarized the realistic characteristics of Chinese-style fiscal decentralization, followed the approach of fiscal authorization, fiscal empowerment and fiscal decentralization, emphasized the need to adhere to integrity and innovation, actively plan major landmark reforms, endow local governments with necessary financial power, and help modernize the local fiscal governance system and governance capacity.
Professor Dong Baomin delivered a speech titled “The Origin of China’s Governance: On the Feudal Origin of the County System”. Based on the research and analysis of a large number of handed-down documents, unearthed materials and bronze inscriptions, he pointed out that the enfeoffment system of “protecting the Zhou Dynasty with vassals” in the Western Zhou Dynasty led to inherent deficiencies in the royal finance of the Western Zhou Dynasty, weakening the financial extraction capacity of the Western Zhou royal family. However, a series of subsequent reforms characterized by official appointment in the Western Zhou Dynasty worked to improve the national capacity in the middle and late Western Zhou Dynasty. Although the bureaucracy of the Western Zhou Dynasty cannot be fully interpreted as the modern bureaucracy in Weber’s sense, it has essentially transformed into an official selection system with merit selection as its essence and performance as the criterion.
Professor Han Liangliang delivered a speech titled “Thoughts on Constructing an Independent Knowledge System of Chinese Corporate Governance”. Combining the important significance and historical background of constructing an independent knowledge system of Chinese corporate governance, he systematically expounded the core connotation and key characteristics such as locality and systematicness of this system. He emphasized that it takes Marxist political economy, traditional Chinese management thoughts and modern Western management theories as the three major theoretical foundations, covering four core contents: governance goals, structure, mechanism and mode. He also put forward the construction path from four aspects: theoretical research, practice summary, international exchanges and talent training, providing theoretical support and practical direction for promoting the modernization of China’s corporate governance system.
Professor Li Zheng delivered a speech titled “Building a Modern Industrial System through Multiple Collaboration”. Starting from the characteristics of new productive forces, he pointed out that their digital, green and integrated development put forward new requirements for the ownership of means of production. He emphasized that we should give full play to the advantages of China’s basic economic system, further deepen the reform of state-owned assets and state-owned enterprises, enhance the innovation vitality of state-owned enterprises, improve the market environment for fair competition, promote the coordinated development of public ownership and non-public ownership economies, and provide solid support for the development of new productive forces by building an institutional system conducive to scientific and technological innovation.
In the afternoon, Professor Zhao Guizhi, Dean of the Taxation Research Institute of LNU, Professor Su Chunyan, Vice Dean of the School of Public Management of LNU, and Associate Professor Chen Feng, Vice Dean of the Institute of Machine Learning and Big Data Algorithms of LNU were invited to attend the Sub-forum (I) and served as comment experts. Seven selected paper authors, including Guo Anhao, Zheng Yangqi, Li Runbo, Xie Tingting, Ma Ruitao, Peng Yu and Guo Junning, gave reports respectively.
Professor Yang Gongyan, Vice Dean of the School of International Economics and International Relations of LNU, Professor Wang Jinhuan, Vice Dean of the School of Mathematics and Statistics of LNU, and Associate Professor Chen Fu, Deputy Director of the Institute of Environmental Economics of LNU, were invited to attend Sub-forum (II) and served as comment experts. Six selected paper authors, including Wu Shangxuan, Li Guangliang, Zhu Yuheng, Zhang Xiyu, Ren Shanshan and Cao Liting gave reports respectively.
During the forum, participating young students were also organized to visit the History Museum of LNU.
