With a new stage of reforms beginning, it is important for China to look outside its borders for economic reform. China aims to build a new major-power relationship with the U.S. and doing this should involve joining the TPP and other FTAs. Joining such agreements would bring a variety of benefits to the world’s second-largest economy.
China’s new leadership anticipates that entering Trans-Pacific Partnership (TPP) negotiations would trigger a new round of domestic reforms. Niu Tiehang elaborates on the new roadmap for Chinese reforms and the “outside-in” effects the TPP talks and the establishment of Shanghai FTZ would have on China.
The success of the Canada-EU Trade Agreement has allowed Canada to refocus its priorities on the US-led Trans-pacific Partnership trade talks and potentially paves the way for a larger free trade deal in the future. Hugh Stephens posits that as trade negotiations continue, Canada will position itself to take a stronger foothold in Asia.
As free trade agreements flourish around the globe, He Weiwen examines the developments between the China-ASEAN FTA and the Trans-Pacific Partnership noting that while the US and China have been left out of each negotiation respectively, it does not mean the countries are competing directly against each other.
In his trip to Southeast Asia and participation at the APEC Economic Leaders’ Meeting, President Xi Jinping focused on strengthening bilateral ties and regional cooperation. Qian Liwei discusses the prospect of China’s economy and its growing role in Asian-Pacific reflected in the president’s keynote address at the APEC summit.
With the US military reaching out to establish a better military-to-military dialogue with China, Canada’s military initiatives should have a positive impact on US-China military relations, writes Hugh Stephens.
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