On the morning of the 26^th of November, the 4^th session of RUC’s Global Economics Forum was held in the Guoxue Guan, being jointly sponsored by the RUC School of Economics and the Collaborative Innovation Centre for China Economy. RUC Vice President HE Yaomin attended the forum, and the official pronouncement of the forum theme “The Global Economy Doubly Assaulted by the Economic Cycle and Financial Cycle” was given by economics professor WANG Jinbin. In attendance were many academics and specialists in the field of economics from Nankai University, Renmin University, and the Bank of China amongst other institutions. The opening ceremony was hosted by the Dean of the School of Economics ZHANG Yu. During Vice President HE’s speech he described how RUC was an historically important site for the study of economics, making many contributions to the field over the years, being recognised globally for its many distinguished research achievements. In recent years the opening up of the Chinese economy has not only created new areas of research for the field of economics, but has also done so within the current global economic environment. Under these conditions RUC has kept pace with the economic changes happening in the world, serving to strengthen the knowledge of and research into these kinds of extraordinary changes, which is also the purpose of this forum. He concluded by expressing his hope that by attending the forum, these specialists would be able to offer balanced and informed suggestions for the development of national macroeconomic policy. Next, Dean ZHANG Yu took to the podium, reiterating the point that RUC has always been at the forefront of global economics research. The Forum on the Global Economy is devoted to creating a platform for academic exchange between academics researching global economics, and it is hoped that all will be able to contribute to the important discussion on theoretical and applied topics, so as to contribute to the development of both the national and the international economies. The second part of the forum was presided over by School of Economics Council Chairwoman GUAN Xueling, and during her oration she noted that in the 8 years since the financial crisis of 2008 the global economy has faced many obstacles in trying to get back on track. At present, the IMF Managing Director Christine Lagarde has denoted the present global economic outlook as the “new mediocre.” In recent years average global growth has been around 3%, signifying a protracted period of stagnation. The factors affecting the global economy are complex, which is indicative of the difficulties faced in the recovery of the global economy. The Forum on the Global Economy hosted by the RUC follows the issues surrounding the recovery of the global economy closely by holding two fora annually, with the outcomes of the fora being compiled into a report on the state of the global economy. During the forum professor WANG Jinbin announced the main report of the forum and gave his analysis of the report. He remarked that in the last few years, the global economy has at once been attacked by a deflation cycle, and also been affected by lax monetary policies that have cause global inflation, resulting in fierce fluctuations in global property values that have created problems for the global economy, causing the finance cycle’s assault on the global economy. Unrest in financial markets has a significant impact on the recovery of the global economy, meaning that it is necessary to create policy that facilitates international cooperation without compromising globalisation in order to move towards recovery. Uncooperative macroeconomic policy, regional conflict and other factors all have an effect on the global economy and financial markets, meaning great uncertainty for the recovery of the global economy. Some of the factors are: first, the recent election in the US meaning that the future of US cooperation in global economic policy is unclear, that there is uncertainty in the future of their foreign policy; second, increased interest rates in the US has led to transnational flows of capital causing unrest in foreign currency markets; third, the probability of “currency wars” has increased, and unrest in foreign currency markets is likely to lead to unrest in other markets. Stable finance leads to stable expectations, thus all these factors that create uncertainty provide a great challenge and risk for the future of the global economy. During the commentary Professor DU Houwen, former Vice President of RUC, lauded the forum report for its insights and incisive analysis. Professor DU gave a brief analysis of current global events such as ‘Brexit’ and the US election, stating that the root causes of these two issues are the same, being that they are both against free trade policies, which reflects the changes in the current economic conditions of society as well as changes in popular sentiment. RUC’s Global Economics Forum has caught the attention of people throughout society. Attending this forum were reporters from many of China’s biggest media outlets such as Guangming Daily, Xinhua, and the China Economic Herald.