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Joining CPTPP: A Strategic Breakthrough of Sino-U.S. Trade Frictions

LIU Jing-qing1,2, XIA Fang-jie3   

  1. (1. Shanghai Gold Exchange, Shanghai 200001,China; 2. School of Management,Fudan University, Shanghai 200433,China;3. School of Business, Shanghai University of Finance and Economics, Shanghai 200433,China)
  • Received:2019-09-04 Online:2019-10-16

Abstract: With the rise of China, the trade friction between China and the United States will be normalized, or even spirally worsened. It is necessary to find countermeasures for solving the trade friction between China and the United States from a strategic perspective.As the “heritage” of TPP, CPTPP is not only the highest standard free trade agreement in the world, but also the best choice for China to break through the Sino-U.S. trade friction.However, no matter from the academic or practical point of view, the final implementation result of CPTPP is bound to be different from the expectation.And the results of sand table simulation and asymmetric interdependence analysis show that the balance of trade friction between China and the United States will be biased towards China. Therefore, it is not necessary to overstate the role of CPTPP in China. On the contrary, China needs to steadily and orderly promote the strategic planning and specific path selection of joining CPTPP.

Key words: CPTPP, Sino-U.S. trade friction, strategic breakthrough, economic power competition