On the afternoon of June 20th, Nankai Economic sponsored by the Center for Studies of Political Economy of Nankai University,Collaborative Innovation Center for China Economy, School of Economics of Nankai University and Research Center of Economic History of Nankai University was held in the conference room on the 8th floor of School of Economics. In this lecture, Professor Wen Yi, visiting professor at Peking University's New Constructure Research Institute and assistant vice president of the Federal Reserve Bank of America (St. Louis Branch), was invited to bring a wonderful report entitled The Great Industrial Revolution of China-Criticizing the General Principles of Developing Political Economy and Commemorating the 40th Anniversary of China's Reform and Opening-up to Nankai teachers and students. The lecture was presided over by Professor Wang Yuru, director and Center of Economic History Research of Nankai University.