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China outlines strategies cope TPP
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Vinanet - China has mapped out detailed measures to prevent the negative impact of the Trans-Pacific Partnership (TPP) to this country.
Sheng Laiyun, spokesman for China's General Statistics Office yesterday 19/10 contested the implications of not joining the TPP. The debate took place shortly after 12 nations reached agreement TPP - the largest trade agreement two decades. Central Bank of China (PBOC) estimates, TPP can make China's GDP decreased by 0.5% due to lose some business opportunities.
Mr. Sheng said, the TPP response measures including bilateral trade agreements as well as efforts to build a new Silk Road connecting China with Europe. "TPP will have some impact, but not as significant in the short term. The bilateral trade agreement, the Silk Road and the free trade zone in China can reduce this impact ", the official said.
However, he also stressed Sheng, China should pay attention to in particular TPP 12 founding members account for 40% of global GDP. If TPP effect, mechanism 0% tariff will be applied to 20,000 kinds of goods. "This will put pressure on foreign trade activities of China," Sheng said. In the first quarter / 2015, exports and imports of China decreased by 1.8% and 15.1%.
In the context of China managed to achieve GDP growth target of 7% / year, some Chinese officials that joining the TPP is a good opportunity to overcome the difficult economic and public sector reform. In the 1990s, China has joined the WTO negotiations to accelerate reforms.
Minh Phuong
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18/8/2025
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