|Table of Contents|

Analysis on the path of RCEP boosting China to build a new development pattern of dual circulation(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2021年05期
Page:
22-30
Research Field:
RCEP研究专题
Publishing date:
2021-10-10

Info

Title:
Analysis on the path of RCEP boosting China to build a new development pattern of dual circulation
Author(s):
WU Guoding
(Institute of World Economics and Politics, Chinese Academy of Social Sciences, Beijing 100732, China)
Keywords:
development pattern of dual circulation;  Regional Comprehensive Economic Partnership(RCEP);  foreign trade;  industrial upgrading;  expansion of opening-up;  reform
PACS:
F744; F142
DOI:
-
Abstract:
The signing of the Regional Comprehensive Economic Partnership(RCEP)is of great significance for promoting the construction of a new development pattern of dual circulation in China. This paper analyzes the paths through which RCEP can boost China's construction of a new development pattern of dual circulation using specific industries and value chains as example. This paper argues that the signing of RCEP will facilitate China's further participation in the international economic and trade rules negotiations and global economic governance, be conducive to tariff reduction and the unification of economic and trade rules within the region through foreign trade and investment paths, promote economic and trade exchanges between China and RCEP member states, thus improving domestic production and social welfare level. The signing of RCEP can also promote China's related industries to better participate in global market competition and resource allocation through the path of industrial transformation and upgrading, consolidate China's position in the industrial chain on a regional and global scale, and boost China's industrial transformation and upgrading. The third path is domestic reform. The signing of RCEP will force China to deepen the reforms of the market access system, business environment, state-owned enterprises and other related aspects through the expansion of opening up, which will better form a domestic environment that is conducive to the construction of a new development pattern of dual circulation.

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Memo

Memo:
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Last Update: 2021-10-10