A Research On Financial Cooperation Mechanism Between China And Arab States

Deeply rooted in profound historical logic and urgent practical needs,the key to the financial integration between China and Arab states under the Belt and Road Initiative lies in the construction of the financial cooperation mechanisms.It not only relates to both sides’ financial security and sustained economic welfare growth under the circumstances of great changes intertwined with Coronavirus pandemic,but is also expected to boost confidence in regional economic restart and financial stability through shaping a new paradigm of South-South cooperation in the field of international financial cooperation.Currently,the framework of China-Arab states financial cooperation mechanisms has been gradually clear,but some problems still exist,such as relatively poor ability of issue setting and executing,low level of institutionalization and low participation of multiple market entities.So,it is urgent to boost theoretical research.Thus,drawing wisdom from multidimensional discipline theory,constructing a guiding analytical framework,and carrying out a modernized and Sinicized conduction are of substantial importance to the promotion of China-Arab states financial cooperation mechanisms.Adhere to problem orientation,this dissertation focused on three key issues in the construction process of China-Arab states financial cooperation mechanisms,which were Theoretical Basis,Cooperative Logic,and Promotion Path.In the part of theoretical basis,starting from the levels of process and structure oriented,this dissertation endowed the research with an open premise.Firstly,from the perspective of International Regime Theory,we dialectically sorted out the influence regime of the two core elements of "Identity" and "Common Interests" on the demand for institutional cooperation in the regional financial field.Secondly,after introducing the thought of Regional Public Goods Theory,we analyzed the element of "Power Structure" that enabling countries to make different supply decisions of the mechanisms.Then,based on these gradual and mutual theoretical interpretations,this dissertation constructed a theoretical analysis framework of countries’ participation in the construction of regional financial cooperation mechanisms.This dissertation focused on the application of the constructed theoretical analysis framework to clarify the underlying logic of China and Arab states’ decisions of jointly promoting the construction of financial cooperation mechanisms.From the regional level,conducting a qualitative analysis of the construction process of the China-Arab states financial cooperation mechanisms,this dissertation tried to accurately grasp the typical characteristics and mechanism effectiveness of its three stages.From the country level,this dissertation made a quantitative investigation on different Arab states’ niche differences,and thus identified them into "Fulcrum States","Node States" and "General States" clusters.On this basis,returning to China’s perspective,we analyzed the changes in cooperation demand and collaborative supply dilemma in China-Arab financial field,defined the opportunities and challenges in the process of mechanisms’ innovation and development,and then proposed a reasonable time-space path for China-Arab states financial cooperation mechanisms promoted by China.Finally,this dissertation carried out a monographic study on the operation and improvement of the China-Arab States’ Interbank Consortium,in order to provide intellectual support for China-Arab states financial cooperation mechanisms’ pragmatic development under the Belt and Road Initiative.