1. LINE

      Text:AAAPrint
      Economy

      Experts: Joining TPP may benefit nation

      1
      2015-10-10 09:54China Daily Editor: Wang Fan

      China would lose 2.2 percent of its gross domestic product if 15 other countries joined the Trans-Pacific Partnership without China, according to the central bank's chief economist.

      That view is part of an academic paper published by the Shanghai Securities Journal on Friday, a few days after 12 Pacific Rim countries wrapped up negotiations over their trade agreement on Monday. China is not among the 12 nations.

      The figure of 2.2 percent of GDP was arrived at based on the gap between the net effects of two different scenarios: one that assumes 16 nations, including China, joined the partnership, the other that assumes 15 nations, including the current 12 nations plus South Korea, Indonesia and Thailand, joined the group.

      Ma Jun, chief economist with the People's Bank of China, and Xiao Mingzhi, another economist, examined the "opportunity costs" of excluding China from the TPP, not only for China but also others. They found the opportunity costs for South Korea and Japan-the two countries export heavily to China-is 1.5 percent and 0.6 percent of their GDP, respectively. However, the European Union, Singapore and Vietnam would benefit from China's absence.

      The paper is the culmination of research that started long before Monday's conclusion of the TPP negotiations.

      Details of the complex agreement on new rules are not yet released. The agreement still awaits approvals by each member's national parliament. The new rules promise to eliminate current import tariffs on up to 18,000 products, which could exert far-reaching impact on dairy farmers in Australia, auto parts workers in the United States, pharmaceutical companies in Canada and beef producers in Japan.

      Ma and Xiao found that textiles, clothing and electronics industries in China, as well as in Indonesia and Thailand, will miss out by being excluded from the deal. But, if China joins the TPP, these industries will be major beneficiaries while the country's mining, petrochemical and auto sector would get hurt.

      Overall, any membership of the TPP would improve competitiveness and boost China's growth potential by lowering the bar for private capital and helping improve standards of intellectual property rights protection, Ma said. That will translate into an extra 0.5 percentage point annual GDP growth over four years, and an extra 2.3 percentage points for exports.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 日韩免费无码一区二区三区 | 免费播放一区二区三区| 免费A级毛片无码久久版| 亚洲av日韩综合一区久热| 日本高清免费网站| 在线观看亚洲专区| 亚洲国产精品日韩专区AV| 羞羞的视频在线免费观看| 免费观看亚洲人成网站| 日日狠狠久久偷偷色综合免费| 在线a亚洲v天堂网2018| 中文字幕免费在线看| 亚洲日韩激情无码一区| 久久一区二区三区免费播放 | 亚洲国产成人无码AV在线影院| 国内自产少妇自拍区免费| 老司机午夜免费视频| 中文字幕精品无码亚洲字| 国产无遮挡无码视频免费软件 | 美女视频黄频a免费大全视频| 亚洲国产成人精品无码久久久久久综合| 日韩a毛片免费观看| 国产A在亚洲线播放| 18观看免费永久视频| 在线亚洲午夜片AV大片| 国产成人免费永久播放视频平台| 免费一级毛片在线播放视频免费观看永久 | 亚洲国产最大av| 亚洲A∨午夜成人片精品网站| 99视频免费在线观看| 亚洲免费视频播放| 亚洲国产精品尤物yw在线| 久久久精品免费国产四虎| 亚洲卡一卡2卡三卡4麻豆| 国产a级特黄的片子视频免费| 岛国精品一区免费视频在线观看| 亚洲蜜芽在线精品一区| 又粗又黄又猛又爽大片免费| 免费看男人j放进女人j免费看| 亚洲AV无码无限在线观看不卡| 亚洲男人第一无码aⅴ网站|