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The article analyzes how the 16+1 Cooperation promotes the Chinese new type of international relations from four perspectives: firstly, the "16+1 Cooperation" insists on not rejecting third parties and promotes the idea of open and inclusive international cooperation; Secondly, the cooperation framework adheres to the principle of mutually-beneficial and win-win cooperation, and proposes to wisely handle differences and divergences; Thirdly, this framework never engages in zero-sum games, instead, it fully respects and closely watches the core interests and major concerns of the relevant parties; Fourthly, it is committed to creating a cooperative platform through consultation, to meet the interests of all. The article also makes an analysis of the challenges facing 16+1 Cooperation and gives some suggestions. ; The article analyzes how the 16+1 Cooperation promotes the Chinese new type of international relations from four perspectives: firstly, the "16+1 Cooperation" insists on not rejecting third parties and promotes the idea of open and inclusive international cooperation; Secondly, the cooperation framework adheres to the principle of mutually-beneficial and win-win cooperation, and proposes to wisely handle differences and divergences; Thirdly, this framework never engages in zero-sum games, instead, it fully respects and closely watches the core interests and major concerns of the relevant parties; Fourthly, it is committed to creating a cooperative platform through consultation, to meet the interests of all. The article also makes an analysis of the challenges facing 16+1 Cooperation and gives some suggestions.

Ovaj rad ispituje uzročnu vezu između diferencijalne kamatne stope (IRD) i međunarodnog kratkoročnog tijeka kapitala (SCF) kako bi se utvrdilo podržava li takav odnos Mundell-Flemingov model u Kini. Proučavajući postojeće strukturne promjene, ustanovili smo da je dugoročni odnos koji koristi podatke iz cijelog uzorka nestabilan, što sugerira da test uzročnosti nije pouzdan. Slijedom toga, koristimo model pomičnih prosjeka vremenskih serija kako bismo preispitali dinamičku uzročnu vezu, a rezultati pokazuju da diferencijalne kamatne stope (IRD) imaju pozitivan i negativan utjecaj na kratkoročni tijek kapitala (SCF) u nekoliko pod-razdoblja, ali SCF ne utječe na IRD u Kini. Prolazeći kroz vanjske i unutarnje šokove, Kina ne bi trebala kratkoročni tijek kapitala (SCF) ograničavati samo na prilagodbu diferencijalne kamatne stope (IRD). Stoga je ključno da donositelji /kreatori politike obrate pozornost na specifične okolnosti (npr. ekonomsku situaciju, monetarnu politiku) te da i dalje primjenjuju kamatnu i fiskalnu politiku kako bi se reducirao negativni utjecaj SCF-a na kinesko gospodarstvo. ; This paper examines the causal relationship between interest rate differential (IRD) and international short-term capital flow (SCF) to determine whether such a relationship in China supports the Mundell-Fleming model. With structural changes existing, we find that long-run relationship using full-sample data is unstable, suggesting that causality test is not reliable. Consequently, we use a time-varying rolling-window approach to revisiting the dynamic causal relationship, and the results show that IRD has both positive and negative impacts on SCF in several sub-periods, but SCF has no effect on IRD in China. When China suffers external and internal shocks, SCF should not be curbed only by adjusting IRD. Therefore, it is critical for policymakers to pay attention to specific backgrounds (e.g. economic situation, monetary policies) and further employ interest rate and fiscal policies in reducing negative influence from SCF on the Chinese economy.

Environmental supervision and government subsidy are important tools for government to promote green innovation. The influence of these two policy orientations on green innovation performance is spreading widely, but the specific indirect mechanism of policy orientation inducing green innovation needs further exploring. This paper introduces the knowledge-dynamic ability (knowledge production ability, knowledge acquisition ability, knowledge integration ability) into the analysis framework of enterprise green innovation, and studies the mediating effect of the knowledge-dynamic ability on policy orientation and green innovation. Based on the panel data of 30 provinces in China from 2000 to 2015, the empirical findings are as follows: Firstly, the knowledge-dynamic ability plays a remarkable mediating role in promoting between policy orientation and green innovation, which indicates that improving the knowledge-dynamic ability is a core mechanism of policy orientation to induce enterprise green innovation. Secondly, the knowledge-dynamic ability plays a complete mediating role in the relationship between environmental supervision and green innovation. Environmental supervision promotes green process innovation by enhancing knowledge acquisition ability and induces green product innovation by enhancing knowledge production ability. Thirdly, the knowledge-dynamic ability plays a partial mediating role in the relationship between government subsidy and green innovation. Government subsidy improves enterprise green process innovation by enhancing knowledge acquisition ability and knowledge integration ability, and induces enterprise green product innovation by enhancing knowledge production ability and knowledge integration ability. ; Nadzor okoliša i vladine subvencije važni su alati vlade za promicanje zelenih inovacija. Utjecaj tih dviju smjernica politike na rast zelene inovacije se širi, ali potrebno je dodatno istražiti specifične neizravne mehanizme usmjerenosti politike koje potiču zelene inovacije. U ovom radu uvodi se dinamička sposobnost znanja (sposobnost proizvodnje znanja, sposobnost stjecanja znanja, sposobnost integracije znanja) u okvir analize poduzeća zelenih inovacija i proučava posrednički učinak sposobnosti dinamike znanja na usmjerenost politike i zelene inovacije. Empirijski nalazi koji se temelje na panel podacima 30 kineskih provincija za razdoblje od 2000. do 2015. su slijedeći: Prvo, dinamička sposobnost znanja ima značajnu posredničku ulogu između promicanja usmjerenosti prema politici i zelenih inovacija, što ukazuje na to da je poboljšanje dinamičke sposobnosti znanja temeljni mehanizam usmjeravanja politike za poticanje zelenih inovacija u poduzeću. Drugo, dinamička sposobnost znanja igra potpunu posredničku ulogu u odnosu između nadzora okoliša i zelenih inovacija. Nadzor okoliša promiče inovacije zelenih procesa povećavajući sposobnost stjecanja znanja i potiče inovacije zelenih proizvoda poboljšanjem sposobnosti proizvodnje znanja. Treće, dinamička sposobnost znanja ima djelomično posredničku ulogu između državnih subvencija i zelenih inovacija. Državne subvencije poboljšavaju inovacije zelenog procesa u poduzeću povećavanjem sposobnosti stjecanja znanja i sposobnosti integracije znanja, te potiču inovacije zelenih proizvoda u poduzeću povećavanjem sposobnosti proizvodnje znanja i sposobnosti integracije znanja.