- Title: China says it will focus on deepening reforms regardless of TPP, RCEP direction
- Date: 24th November 2016
- Summary: BEIJING, CHINA (NOVEMBER 24, 2016) (REUTERS) CHINA'S COMMERCE MINISTRY SPOKESMAN SHEN DANYANG STANDING ON STAGE MEDIA WATCHING (SOUNDBITE) (Mandarin) CHINA'S COMMERCE MINISTRY SPOKESMAN, SHEN DANYANG, SAYING: "Regardless of what direction the Trans-Pacific Partnership (TPP) or Regional Comprehensive Economic Partnership (RCEP) will take in the future, China will continue to focus on deepening reforms and further opening up, centering (reforms) on achieving the two 100-year goals, fully considering our domestic conditions and industrial development, (and) actively engaging in multilateral or bilateral trade arrangements. In the meantime, (China) will continue to closely work with World Trade Organization (WTO) members, constantly strengthen the role of multilateral trade mechanisms in order to create a freer and more convenient environment for global trade, (and) jointly make efforts to promote regional integration and the development of the global economy." JOURNALISTS SEATED NEWS BRIEFING IN PROGRESS
- Embargoed: 9th December 2016 04:24
- Keywords: China economy reforms TPP Trans-Pacific Partnership RCEP commerce ministry Regional Comprehensive Economic Partnership United States Trump
- Location: BEIJING, CHINA
- City: BEIJING, CHINA
- Country: China
- Topics: Economic Events
- Reuters ID: LVA00159SZ3GN
- Aspect Ratio: 16:9
- Story Text:China will continue to deepen reform regardless of the direction the TPP or RCEP trade deals will take, Shen Danyang, spokesman from the country's commerce ministry said in a briefing on Thursday (November 24).
U.S. President-elect Donald Trump said earlier this week that he would withdraw the United States from the Trans-Pacific Partnership (TPP), putting China-backed Regional Comprehensive Economic Partnership (RCEP) - a rival pact that excludes the United States - as the front-runner for new free trade deals in the region.
"China will continue to focus on deepening reforms and further opening up, centering (reforms) on achieving the two 100-year goals, fully considering our domestic conditions and industrial development, (and) actively engaging in multilateral or bilateral trade arrangements," Shen told reporters in Beijing, adding that China would continue to strengthen multilateral trade mechanisms, and help promote regional integration and the development of the global economy.
The two 100-year goals Shen refers to are those deemed as necessary by President Xi Jinping's administration to achieve the "Chinese dream". The first needs to be reached by 2021 - the 100-year anniversary of the communist party - and the second by 2049, the 100-year anniversary of the People's Republic of China.
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2016. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None