Zhongxin Finance, May 20 (Liu Wenwen) The Macro Situation Forum (Spring 2022) "Russian-Ukrainian Conflict and the Great War" was hosted by the Chongyang Institute for Financial Studies of Renmin University of China (Renmin University Chongyang) and hosted by the China-US Humanities Exchange Research Center of Renmin University of China. The "Cracked World" seminar was held online on the 20th.

Experts in many fields agree that there is a "cracking" trend in the world change under the Russia-Ukraine conflict.

　　On the same day, Wu Xiaoqiu, vice chairman of the Academic Committee of Renmin University of China, emphasized in his opening speech that it is necessary to hold such a forum at this special time.

The world is now at a crossroads of history. Where will the future go, and what kind of impact it will have on human society and the international landscape, and what kind of impact it will have on China, all urgently need to be studied.

　　Wu Xiaoqiu believes that in the future, economic globalization will become very regional and group-based.

Therefore, externally, efforts should be made to improve the international environment; internally, a series of reform measures should be adopted, among which the following points should be emphasized: First, efforts should be made to improve the socialist market economic system and promote market-oriented reforms The second is to maintain the relative continuity and stability of the policy; the third is to pay attention to the improvement of the business environment.

　　Liao Qun, chief economist at Renmin University of China, said that the accelerated cracking of the world economy is a direct result of the conflict between Russia and Ukraine.

Areas such as energy, currency and international trade are areas that need to be focused on in the new cold war of the global economy.

After the Russia-Ukraine conflict, the world will see a rapid decoupling of Russia and the West, and the economic and trade exchanges between countries will develop from globalization to regionalization.

　　According to Liang Haiming, dean of the "Belt and Road" Research Institute of Hainan University, in the "big cracking" of the global economy, there may be a "small cracking" in the euro area countries.

Inflation in Greece, a country in the euro zone, has reached a new high in 27 years. In particular, some daily necessities have risen by more than 100%, and the inflation rate of food, including food, has risen by double digits.

If the inflation problem is not finally resolved, the euro zone may experience a "small crack" cut off.

　　Guan Tao, Global Chief Economist of Bank of China Securities, mentioned that due to rising inflation in Western countries and stronger expectations of monetary tightening, bond yields in Western countries have risen, which has brought an asset rebalancing effect to the external investment market.

Faced with this situation, China must actively participate in the reform of the global governance system and promote the multi-polarization of the governance system.

It is necessary to adhere to market choices, mutual benefit and win-win results, firmly promote institutional opening, promote the integration of domestic rules with international rules, promote the marketization, legalization, and internationalization of the domestic financial market, and continuously improve the business environment.

　　Wu Xiaoqiu appealed that China needs to seize the historic opportunity. Only by taking the road of continuous opening up and deepening market-oriented reforms can it follow the trend, adapt to future development trends, promote social progress in China, and promote China's economic growth.

At the same time, efforts should be made to ease and improve the international environment.

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