Research On Regional Cooperation Mechanism Of China-Mongolia-Russia Economic Corridor

In 2016,China,Mongolia and Russia signed the “Outline for the Construction of China-Mongolia-Russia Economic Corridor”,which is the first multilateral cooperation planning project since the Belt and Road initiative.This breakthrough can effectively promote the effective implementation of the Belt and Road initiative and promote regional cooperation in trade,humanities,security and other matters between China,Mongolia and Russia.However,in the economic exchanges between China,Mongolia and Russia,due to the lack of regional public goods,the existing cooperation mechanism is loose,the legal binding force is not strong,and the potential of cooperation is limited.At present,China-Mongolia-Russia cooperation is still in a low-level regional integration cooperation zone,and the further promotion and development of economic corridor construction is severely constrained.Therefore,a systematic research on the regional cooperation mechanism of the Mongolian-Russian Economic Corridor is of great practical significance for realizing the mutual benefit and win-win between the three countries and promoting the common prosperity and development of countries and regions along the line.This paper focuses on the existing problems of the existing cooperation mechanism between China,Mongolia and Russia,and from the perspective of regional cooperation zone,the China-Mongolian-Russian economic corridor is still in a low-integration cooperation zone.The study finds that institutional innovation of international mechanism can promote the transition from difficult cooperation to free cooperation,and the directionof institutional innovation is to supply regional public goods.The main manifestation of this supply is to cooperate in functional and institutional fields.In international economics,the classical mode of regional economic cooperation mechanism is characterized by institutional cooperation.As the conditions for institutional cooperation in the China-Mongolian-Russian economic corridor are not mature enough and do not have a high level of development,functional cooperation has become the key direction for the construction of the China-Mongolian-Russian economic corridor cooperation mechanism.This paper proposes to build a composite mechanism model.That is to construct the main construction model of “informal+multilateral formal functional organization” in the first stage,and construct the functional composite mechanism in the fields of trade and investment,finance,infrastructure,energy and tourism;in the second stage,it should be gradually deepened into a complex resolution mechanism mode of "informal mechanism+FTA+multilateral formal organizations" when the time is ripe.This stage mainly emphasizes the formal establishment of institutional cooperation mechanism,and the direction of efforts is to build China-Mongolia Free Trade Zone.Further research also finds that strengthening the institutional construction of the China-Mongolian-Russian Economic Corridor will have significant economic effects.This paper uses GTAP software to demonstrate the economic effects brought by the construction of formal cooperation mechanism.From the changes of macro and micro economic indicators such as GDP,residents' welfare,total import and export trade and industrial output of various sectors,it can be concluded that the construction of regional cooperation mechanism in the China-Mongolian-Russian Economic Corridor is beneficial to the economic development of the three countries.Finally,this paper puts forward relevant suggestions on China's strategic choice to strengthen the cooperation mechanism of China-Mongolia-Russia economic corridor.