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Chinese President Xi Jinping wants corporate leaders to know that Beijing is taking serious steps to create a more business-friendly climate in China, but it is unclear that his remarks will slow the widespread exodus of foreign investment from Asia's largest economy. In written remarks delivered Thursday during the Asia-Pacific Economic Cooperation (APEC) CEO Summit…

Michael G. Plummer is director of the School of Advanced International Studies (SAIS), Europe and Eni Professor of International Economics at The Johns Hopkins University.

Inflation, supply chain resilience, RCEP and CPTPP

To embed, copy and paste the code into your website or blog: After eight years of back-and-forth negotiations, Asia’s Regional Comprehensive Economic Partnership on Trade (RCEP), the world’s largest regional trade agreement, was signed in an online ceremony on 15 November 2020. While more limited than the U.S.-led Trans-Pacific Partnership (TPP-12) and its successor, the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), it is a major regional free trade agreement that poses challenges for the United States, which opted out of TPP-12 and CPTPP and was not part of RCEP, and c...

China Wins, US Loses In New Regional Trade Deal Advertisement December 10, 2020 China came out the biggest beneficiary of the Regional Comprehensive Economic Partnership (RCEP), the world’s newest and biggest regional trade deal. It was signed by 15 countries in the Asia-Pacific region on November 15, following negotiations that started during the 2012 Association of Southeast Asian Nations (ASEAN) Summit in Cambodia. While China already has a number of bilateral trade agreements, this is the first time it has signed on to a regional multilateral trade pact. The RCEP includes 10 member stat...