China has now formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership trade pact. The country apparently wants to take the lead in trade and investment in the Asia-Pacific in place of the U.S., which withdrew from what was then called the Trans-Pacific Partnership before it was finalized.
The Nikkei View
CPTPP members must carefully judge China's sincerity to join
Beijing should build trust through RCEP and present plan for crucial reforms
Chinese President Xi Jinping can show how serious he is about joining the CPTPP through concrete reforms. © Reuters
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