Wang Zhimin:TPPChina needs to participate in rule-making

(Source: Japan's "Yomiuri Shimbun" International Edition 13Edition Date:2015Year10month15日）

[Editor's Note] Recently, Professor Wang Zhimin from the Ideological and Political Department of w88 casino was interviewed by Japan's largest newspaper "The Yomiuri Shimbun" aboutTPPExpress your views on the impact on Asian countries after basically reaching the goal.Professor Wang Zhimin’s research interests are “One Belt and One Road”, China’s international strategy and opening up.The following is the translation of the interview (originally in Japanese):

Wang Zhimin: It is necessary for China to participate in the formulation of rules

China has been paying close attention to it for several yearsTPPNegotiation.TPPIt will have many impacts on China, and the biggest impact is undoubtedly China’s foreign w88. China's economic growth is mainly driven by the three pillars of investment, consumption, and exports. Currently, China's exports account forGDP10833_10841TPPThe launch of the agreement will lead to a reduction in China’s exports, and there are even predictions that China will suffer every year1000$100 million in losses.

China's economic development has faced severe challenges on many fronts, especially in the manufacturing industry in recent years due to rising employee wages, land prices and other factors that have led to rising costs. ifTTPWhen the agreement comes into effect, there will be a tendency for (foreign companies) to transfer investment to low-cost countries such as Vietnam, which will severely impact China's manufacturing industry.

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President Obama once said: "China cannot be allowed to write international economic rules." No matter whether to join or notTPP, China should (in some form in the future) participate in the formulation of rules. American scholars and relevant people in the US government also believe that “without China’s participationTPPis incomplete,” President Obama saidTPPAfter reaching an agreement, he also said: "If China is satisfied (TPP) condition, you can also add (TPP）”。

Whether you join or notTPP, China will speed up domestic reforms, which is an inevitable requirement for economic development.(Interview and photography by Hideo Kamada)