The effects of cultivation and overgrazing on soil quality in arid regions have been rarely addressed. This study investigated the roles of cropping and grazing in soil organic C pools and aggregate stability at 0-20 cm depth by comparing conventional grazing (non-fenced ever), intensive grazing (fenced for 22 years) and cropping (cultivated for 40 years) in the arid Hexi Corridor of northwestern China. Total soil organic C (TOC) under non-fenced grazing was 21.6 g kg-1 (or 52.9 Mg ha-1), which was 19.9% (or 13.2% mass per area) lower than that under fenced grazing, because of lower stable organic C fraction (0.25 mm) in total aggregates and mean weight diameter were 15% and 0.28 mm under cropping, significantly lower than 65% and 3.11 mm under non-fenced grazing and 65% and 2.84 mm under fenced grazing. The aggregates of >1 mm were almost entirely demolished under cropping when subjected to wet sieving. Reduction of soil carbohydrates under cropping was closely related to the decline in aggregate water-stability. The negative effects of cropping on soil organic C pool and aggregate water-stability may suggest that cropping on this arid grassland is not sustainable unless no-tillage is adopted. In favor of increasing soil carbohydrates and maintaining soil aggregation, fenced-grazing would be a better option than cropping and non-fenced grazing for the management of arid grasslands.