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MNI BRIEF: Conditions "Ripe" For China CPTPP In 2024


China is confident in meeting Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) standards, seeing conditions in 2024 as "ripe" for Beijing's accession to the trading block, according to Wang Shouwen, answering an MNI question at a press conference Friday. Beijing was taking China's application seriously, Wang added.

On trade, Wang Wenshou, Minister of Commerce, said China's exporters faced weak external demand and rising geopolitics this year. However favourable conditions such as strong competitiveness and new growth areas would mean trade remained stable.

China’s international trade will rebound in 2024 despite the strengthening yuan and Red Sea shipping disruptions, as the world economy stabilises, geo-political tensions cool, and Beijing diversifies its trading partnerships, a policy advisor recently told MNI. (See: MNI INTERVIEW: China Trade To Hit CNY44-45 Trillion In 2024)

MNI Beijing Bureau |
MNI Beijing Bureau |

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