China and the Middle East Economic Governance in New Era

Abstract

Abstract: The Middle East Region has been suffering serious economic difficulties and the governance deficit for a long time, which demands a global response. In this new era, China has become an important actor in the progression of the Middle East economic governance; the contents of China’s participation in the Middle East economic governance include energy, trade, investment, finance and developmental governance. Participation of China to the Middle East economic governance has improved economic climate and the terms of trade for the Middle Eastern countries, and enhanced their sustainable development ability, and also responded to the criticism from the Western countries accusing China of being a free rider with real actions. Compared to the Western countries, China’s participation to the Middle East economic governance exhibits its own characteristics in governance goals, ability, path, regime, contents and governance styles. “The Belt and Road” Initiative marks China’s participation in the Middle East economic governance enters new level. The depth and result of China’s participation in the Middle East economic governance are affected by various factors.