THE 5-DAY WORLD ECONOMIC FORUM "DAVOS AGENDA" DIALOGUE CAME TO AN END ON JANUARY 29TH, BUT THE DISCUSSION ON THE PROSPECTS OF THE POST PANDEMIC WORLD ECONOMY HAS NOT ENDED. WHILE STRIVING TO CONTROL THE EPIDEMIC, RESTORING WORLD ECONOMIC GROWTH AND REBUILDING A MORE RESILIENT, INCLUSIVE, AND SUSTAINABLE WORLD ECONOMY IS WIDELY REGARDED AS AN URGENT ISSUE THAT NEEDS TO BE ADDRESSED. DURING THE FIVE-DAY "DAVOS AGENDA" DIALOGUE, ALL PARTIES CALLED FOR A NEW MULTILATERALISM THAT UPHOLDS INTEGRITY AND STRENGTHENS MULTILATERAL COOPERATION, REACHING A BROAD CONSENSUS.CURRENTLY, THE GLOBAL ECONOMY IS FACING MULTIPLE CHALLENGES. IN THE SHORT TERM, CONTROLLING THE RAPID SPREAD OF THE GLOBAL PANDEMIC IS THE TOP PRIORITY. IF THE EPIDEMIC CANNOT BE CONTROLLED, THE ECONOMY CANNOT RECOVER, AND GROWTH CANNOT BE RESTORED, NOT ONLY WILL OLD CONTRADICTIONS NOT BE RESOLVED, BUT NEW CONTRADICTIONS WILL ALSO ERUPT. IN THE MEDIUM TO LONG TERM, THE INTERWEAVING OF CHRONIC AND NEW DISEASES, CLIMATE CHANGE, GLOBAL DEBT, GEOPOLITICAL TENSIONS, AND THE LACK OF SUSTAINABLE GROWTH MODELS ARE LONG-TERM CHALLENGES THAT REQUIRE VIGILANCE AND WILL HINDER GLOBAL ECONOMIC DEVELOPMENT IN THE FORESEEABLE FUTURE.THESE GLOBAL CHALLENGES CAN ONLY BE SOLVED AT THE GLOBAL LEVEL, AND INDIVIDUAL COUNTRIES ALONE CANNOT COMPLETELY REVERSE THE SITUATION.WHETHER IT IS ADDRESSING GLOBAL CHALLENGES OR SEIZING NEW OPPORTUNITIES FOR FUTURE ECONOMIC DEVELOPMENT, UPHOLDING AND PRACTICING MULTILATERALISM, STRENGTHENING GLOBAL MULTILATERAL DIALOGUE AND COOPERATION, AND CONSOLIDATING EFFORTS, ALL WILL GENERATE GREATER POSITIVE SYNERGY. ON THE CONTRARY, UNDER THE PRESSURE OF THE EPIDEMIC AND THE ECONOMY, SWEEPING THE SNOW IN FRONT OF EACH OTHER, ADVOCATING IDEOLOGICAL PREJUDICE, ENGAGING IN DIVISION AND DECOUPLING, OR INCREASING PROTECTION AND FORMING CONSTRAINTS IN THE ECONOMIC AND TRADE FIELDS WILL SLOW DOWN THE GLOBAL ECONOMIC RECOVERY PROCESS AND CREATE CENTRIFUGAL FORCE ON SUSTAINABLE DEVELOPMENT. THE PRACTICE OF THE FIRST HALF OF THE GLOBAL FIGHT AGAINST THE EPIDEMIC HAS REVEALED THIS FACT.THE HARSH REALITY AND MORE COMPLEX CHALLENGES URGENTLY REQUIRE MULTILATERALISM TO RETURN TO THE RIGHT PATH. THE INTERNATIONAL MONETARY FUND POINTED OUT THAT GLOBAL ECONOMIC UNCERTAINTY REACHED UNPRECEDENTED LEVELS AT THE BEGINNING OF THE PANDEMIC OUTBREAK, ALTHOUGH IT HAS NOW DECREASED BY ABOUT 60% FROM ITS PEAK, IT IS STILL ABOUT 50% HIGHER THAN THE HISTORICAL AVERAGE LEVEL FROM 1996 TO 2010. EVEN THE MOST DEVELOPED ECONOMIES ARE FACING AN UNCERTAIN PATH OF RECOVERY. AT THIS TIME, COUNTRIES SHOULD WORK TOGETHER AND OVERCOME DIFFICULTIES TOGETHER.AFTER THE OUTBREAK OF THE EPIDEMIC, COUNTRIES HAVE INTRODUCED MORE LOOSE MONETARY POLICIES AND EXPANSIONARY FISCAL POLICIES, MAKING IT MORE DIFFICULT TO COORDINATE GLOBAL MACROECONOMIC POLICIES IN THE FUTURE. IT IS NECESSARY TO FORM A JOINT FORCE TO ACHIEVE A MORE SUSTAINABLE AND IDEAL STIMULUS EFFECT, WHILE ALSO CONTROLLING THE TIMING AND INTENSITY OF POLICY SHIFTS TO AVOID HUGE SPILLOVER EFFECTS ON THE MARKET. THIS MEANS THAT INTERNATIONAL ECONOMIC POLICY COORDINATION AND COOPERATION ARE PARTICULARLY NEEDED IN THE COMING PERIOD TO FORM CONSENSUS AND SYNERGY.IN THE FIELD OF ECONOMY AND TRADE, IN ORDER TO RESTORE THE DRIVING ROLE OF TRADE IN THE ECONOMY, IT IS URGENT FOR COUNTRIES TO REVERSE THEIR SANCTIONS, SUPPLY CUTS, AND PROTECTIVE TENDENCIES, AND REDUCE ARTIFICIAL CONSTRAINTS ON INTERNATIONAL TRADE; IN THE FIELD OF TECHNOLOGY, IT IS NECESSARY TO MAKE TECHNOLOGY TRULY THE DRIVING FORCE OF THE WORLD ECONOMY, STRENGTHEN INNOVATION COOPERATION, REDUCE DISPUTES AND DEADLOCKS, AND RECOGNIZE THE HARM BROUGHT BY DECOUPLING.THE GLOBAL LANDSCAPE IS UNDERGOING PROFOUND CHANGES AT AN ACCELERATED PACE, AND THE CHARACTERISTICS OF THE TIMES THAT ARE DIFFERENT FROM THE PAST URGENTLY REQUIRE THE INTERNATIONAL COMMUNITY TO THINK CREATIVELY ABOUT GLOBAL GOVERNANCE AND MULTILATERALISM IN ORDER TO ADAPT TO NEW NEEDS.IN THE POST PANDEMIC ERA, IT IS URGENT TO RESHAPE A NEW MULTILATERAL TRADING SYSTEM THAT CAN RESPOND TO CONTEMPORARY CRISES. THIS WILL BE BENEFICIAL FOR DEALING WITH INTERNATIONAL ECONOMIC AND TRADE FRICTIONS, MAINTAINING FREE TRADE, REDUCING TRADE COSTS, AND ENSURING A RATIONAL TRADE ORDER.IN THE POST PANDEMIC ERA, DIGITALIZATION AND GREEN GROWTH ARE NEW OPPORTUNITIES FACING HUMANITY. FROM A LONGER-TERM PERSPECTIVE, THE WORLD NEEDS TO EXPLORE THE ESTABLISHMENT OF GLOBAL DIGITAL GOVERNANCE RULES, IMPLEMENT THE PARIS AGREEMENT TO ADDRESS CLIMATE CHANGE, IMPLEMENT THE UNITED NATIONS 2030 AGENDA FOR SUSTAINABLE DEVELOPMENT, EXPLORE NEW SUSTAINABLE GROWTH MODELS, AND REDUCE DEEP DEPENDENCE ON DEBT.IN AN INCREASINGLY INTERCONNECTED WORLD, IT IS ALSO POSSIBLE TO EXPLORE THE USE OF NETWORKED FORMS TO PROMOTE MULTILATERALISM, SO THAT GLOBAL AND REGIONAL ORGANIZATIONS CAN COMMUNICATE WITH EACH OTHER AND SOLVE GLOBAL CHALLENGES.WHEN THE WORLD IS HIT BY THE COVID-19 UNPREPARED, IT WILL INEVITABLY TAKE A DETOUR AND MAKE MISTAKES. ONLY BY ADHERING TO THE CORE VALUES AND BASIC PRINCIPLES OF MULTILATERALISM, WHILE KEEPING UP WITH CHANGES IN THE WORLD ORDER, KEEPING MULTILATERALISM UPRIGHT AND INNOVATIVE, KEEPING PACE WITH THE TIMES, AND BUILDING A NEW TYPE OF INTERNATIONAL COOPERATION RELATIONSHIP, CAN WE TRULY ACHIEVE MUTUAL BENEFIT AND WIN-WIN RESULTS, AND ACCELERATE THE RECOVERY OF THE WORLD ECONOMY.