The new coronavirus epidemic superimposes the conflict between Russia and Ukraine，Severe impact on global economic recovery。The World Bank lowered its global economic growth forecast for 2022 from 4 in January this year.1% reduced to 3 in April.2%，Later it was lowered to 2 in June.9%。The slowdown in global economic recovery seems to be the result of a combination of various risk factors，These factors include the epidemic、Geopolitical Conflict、rising financial instability、Supply continues to be tight and stagflation appears、Worsening food insecurity, etc.，But what it reflects is a bet365 sports crisis。The downturn in the world economy is fundamentally caused by the disorder of the global competitive game、Imbalanced economic governance、Due to macro policy imbalance。

　　Faction confrontation shakes up the healthy bet365 sports pattern

The United States maintains its status as a great power with “one superpower and hegemony”，Regard the rise of China and other emerging powers as a systemic challenge，Inciting economic decoupling and confrontation between camps，Disrupting the bet365 sports industrial chain、Normal operation of the supply chain。

The Trump administration pursues an America first strategy，Launching trade wars against many countries，Withdraw from multiple international organizations，Implement tariffs on China and implement technological suppression。This not only triggers de-globalization and inhibits world economic growth，And it harms the interests of the American business community and consumers，The antecedents of inflation。World Bank、IMF has repeatedly mentioned the harm of trade war to bet365 sports growth，It is predicted that bet365 sports losses caused by trade protectionism will reach 10 trillion US dollars in 2025。

The Biden administration has upgraded China to a systemic rival and the most serious long-term challenge，Unite allies and coerce regional countries to contain China，By preparing the Indo-Pacific Economic Framework、Establishing a four-party chip alliance, etc.，Building economy and trade、The anti-Chinese "small courtyard and high walls" in the field of science and technology，An attempt to promote the “de-Chinaization” of the industrial chain and supply chain，This creates a bet365 sports industrial chain、Breaking and blocking of supply chain，Triggering the fragmentation of the world economic map and turmoil in the international economic structure。

The United States and its allies also used the Ukraine crisis to impose unilateral sanctions，Politicizing the world economy、Toolization、Weaponization，Increased food and energy prices，Accelerating the arrival of the era of bet365 sports stagflation。

Unipolar governance cannot meet the requirements bet365 sports times

The G7 group headed by the United States aims to maintain the governance hegemony of the seven countries in the name of "rules-based international order"，Ignoring the demands of developing countries for a right to speak，Attempting to use technology to blockade、Economic Sanctions、Commodity embargo and other means，Control the rise of China and other emerging economies and developing countries，Hindering the formation of a diversified co-governance pattern in the bet365 sports economy。The G7 summit is a platform for economic development and cooperation，But it evolved into creating the Iron Curtain、The rich countries club keen on decoupling，It along with NATO、AUKUS Alliance of United States, Britain and Australia、"Quartet Security Dialogue" and other old and new Cold War organizations，Politicization through economic platforms、Economicization of military platforms，Strengthening the unipolar governance pattern dominated by the United States and a few other countries，Focus on “suppressing China’s economic development”，Even at the expense of the common interests of bet365 sports growth。

The G7-led unipolar governance system exposes fairness、The disadvantages of underrepresentation，It is difficult to meet the current international community’s requirements for epidemic prevention and control、Supply chain cooperation、Digital rule making、Carry out diversified cooperation on issues such as extreme climate response、Requirements for collaborative governance。Under the unipolar governance structure，Multilateralism is undermined，Epidemic traceability prevention and control has been ideologicalized，bet365 sports industrial chain、Supply chain operation blocked，Low-income countries encounter fiscal constraints and financial difficulties，A drag on bet365 sports recovery。

The imbalance of the security governance framework led by the United States and NATO triggered the Ukraine crisis and unilateral sanctions caused the surge in energy and food prices in many countries、Supply bottlenecks intensify，Business and consumer confidence has been weakened。The United States abuses financial sanctions，Causing fluctuations in international financial markets，Intensified the collision between the old and new financial orders、The impact and disturbance of digital currencies on sovereign currencies，Not only shaken the hegemony of the US dollar，It also exacerbates the financial vulnerability of developing countries and the uncertainty of bet365 sports recovery。

　　Egoistic monetary bet365 sportsProduce bet365 sports

Developed countries are pursuing "egoism" and "beggar-thy-neighbor" monetary and financial policies，In addition, he is keen to create confrontation and division，Weakened the policy coordination ability of the G20，Further exacerbating the situation of “fighting each other” in bet365 sports macro policies。The United States unites its allies to abuse financial sanctions with the help of monetary hegemony，Amplified the epidemic、Geopolitical Conflict、Climate and other factors have a negative impact on the world economy。

The United States and other Western developed countries have disordered domestic governance、Use the dominant position of currency to pass on the crisis，The risk of recession in the United States has increased significantly，It also has negative spillover effects on the world。Tightening of U.S. financial policy and appreciation of the U.S. dollar exchange rate，In particular, the Federal Reserve’s continued steep path to raise interest rates has led to a rapid rise in U.S. long-term interest rates，Increase the pressure on capital outflows and currency depreciation in emerging markets and developing countries，Some countries face persistent current account deficits、The dilemma of overvalued local currency exchange rate and high foreign debt。This will depress bet365 sports output and spending and push up inflation，Leading to inevitable recession in many countries。

　Working together to promote world bet365 sports recovery

Facing the complex and ever-changing international situation and weak and inefficient bet365 sports，China is based on the principle of extensive consultation, joint contribution and shared benefits and the concept of a community with a shared future for mankind，Propose global development initiative，Calling on the international community to place development at a prominent position in the global macro policy framework，Abandon confrontational thinking、Seeking win-win cooperation，Form a new mechanism for bet365 sports and macro policy communication，Accelerate the implementation of the United Nations’ 2030 Agenda for Sustainable Development，Promote better global recovery and sustainable development。

First，Give full play to the cooperation functions of the G20 and BRICS countries，Leading bet365 sports governance to “change for the better”。

The epidemic and geopolitical conflicts have impacted the global economy，The United States and other Western countries have built “small courtyards and high walls”, leading to a global industrial chain、Supply chain “obstruction”，The "sharp turn" in the monetary policy of developed economies affects the stability of the international financial market，Facing multiple challenges，The G7 group cannot assume the leadership function of bet365 sports。China and other developing countries should be committed to promoting the institutionalization of the G20、Normalization，Make it a way to coordinate the interests of developed and developing economies、A platform to strengthen trade consultations and lead the reform of the WTO system。China should participate more broadly and deeply in global governance through the G20，Promote the principle of "extensive consultation, joint contribution and shared benefits" to become an important value direction of the G20。

Responding to the challenges brought by the United States’ “alliance + rules”，The five "BRICS" countries can build high-quality partnerships through the "BRICS+" mechanism，Unite more developing countries to create new forces of economic globalization and new engines of growth。The top priority is for BRICS countries to strengthen their industrial chain、Supply chain cooperation，Leveraging its resource endowments、Technological Innovation、Human resources synergy，Enhancing bet365 sports and regional industrial chains、Supply chain resilience。

Second，Strengthening bet365 sports macroeconomic policy coordination，Work together to promote world economic recovery。

Make full use of the IMF、World Bank、Macro policy coordination mechanism of G20 and other platforms，Fight against trade protectionism and beggar-thy-neighbor policies，Promote cross-border trade facilitation，Resolving bet365 sports finance、Energy、Risk of disruption or disruption in the grain industry chain and supply chain。With the help of BRIC platform，Guide developing countries to carry out macro policy coordination and financial cooperation。Promote the international community to form a governance consensus，Urge developed economies to use monetary policy prudently，Reduce negative spillover，Easing the sharp rise in oil and food prices。

　Third，China accelerates high-level opening up，Actively promote changes in bet365 sports。

China should speed up its high-level opening up to promote the construction of a new development pattern。Maintain and strengthen the WTO as the core，Rule-based、Open and fair、Transparent and predictable、The dominant position bet365 sports multilateral trading system that is inclusive and non-discriminatory，Promote trade and investment liberalization and facilitation，Protect intellectual property。

Actively lead or participate in the construction of new international cooperation mechanisms。Improving the BRICS cooperation mechanism，Promote development issues of concern to developing countries and the implementation of the post-2030 development agenda，In the digital economy、Supply chain cooperation、Actively participate in the formulation of bet365 sports rules on issues such as decarbonization and climate response。

Accelerate the promotion of high-quality joint construction of the “Belt and Road”，Provide an important platform for bet365 sports。Through material assistance、Technical Cooperation、Human Resource Development、Dispatch medical team、Emergency Humanitarian Assistance、Overseas volunteer projects, etc.，Addressing challenges for low-income countries、Seek development and contribute。

(Author’s unit: School of Economics, Sichuan University)