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Japanese Prime Minister Suga Yoshihide and Chinese Foreign Minister Wang Yi in Tokyo, Japan Japanese Prime Minister Suga Yoshihide, right, and Chinese Foreign Minister Wang Yi in Tokyo, Japan, Nov. 25, 2020 (Photo by Masanori Genko for The Yomiuri Shimbun via AP Images).

China Once Feared the U.S.-Led TPP. Now It’s Trying to Join the CPTPP

, Wednesday, Nov. 25, 2020

Editor’s Note: Every Wednesday, WPR contributor Lavender Au and Newsletter and Engagement Editor Benjamin Wilhelm curate the week’s top news and expert analysis on China. Subscribers can adjust their newsletter settings to receive China Note by email every week.

When the huge Pacific Rim trade deal formerly known as the Trans-Pacific Partnership was first proposed, many Chinese observers saw it as a U.S. attempt to economically contain and exclude China. They worried that, with a new, American-led trade bloc surrounding China, Chinese exports would become less attractive throughout Asia. Because of the TPP’s rigorous terms as a high-standard trade deal, Chinese products or services might also be excluded from other government’s procurement, and China’s state-owned enterprises might face investigations or other barriers when investing abroad. The TPP was seen as a benchmark for future trade, but one that China might not be able to reach. ...

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