On September 16th China formally asked to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The timing was sudden but the move was predictable
On September 16th China formally asked to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership , an 11-nation trading block that is home to 500m consumers in Asia and the Americas. Though China’s timing was sudden, the move was predictable. Months ago Mr Xi said China would “favourably consider” applying. His word is law. But many foreign analysts confidently predict that China will never be admitted.
China, in short, is serious. Its ambition is best explained by different forms of rising confidence, some more alarming than others. Start with a benign, cautious optimism among those sometimes called reformers. That camp once promoted economic liberalisation. In a China intently focused on political control, stability, security and self-reliance, reformers now find it safer to push for a more efficient state, not a smaller one.
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