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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsChina Getting Panicky Over U.S.-led Pacific Trade Deal
HONG KONG (MarketWatch) The Trans-Pacific Partnership (TPP) trade deal may be controversial in the U.S., but in China it appears to be the object of great worry and, in some respects, seems to be driving policy in Beijing.
The TPP agreement, strongly supported by President Barack Obama, would create the worlds largest free-trade zone, stretching across half the globe. The treaty itself, as well as the fast-track negotiating authority sought by the Obama Administration, has come under criticism by some U.S. lawmakers, as well as various labor and business groups concerned about everything from wages to national security.
But in Beijing, the TPP is frequently seen as an anyone but China trade club that threatens the Chinese economy as a whole and even the countrys very future.
http://www.marketwatch.com/story/china-very-worried-about-us-led-pacific-trade-deal-2015-05-21
Romulox
(25,960 posts)yallerdawg
(16,104 posts)Implementation of the TPP will further impair Chinas price advantage in the exports of industrial products and affect Chinese companies expansion abroad, it said.
djean111
(14,255 posts)How about this - take the five or so chapters out of the TPP that actually deal with TRADE, and make it a separate agreement.
Boy, first Rush Limbaugh used as some sort of stick, and now this. I think I can see the bottom of the barrel......
HassleCat
(6,409 posts)OK, we need to be skeptical of media accounts of how China feels about the TPP, but there is some reason to think the Chinese would like to see us pass on TPP and create a power vacuum they could fill. This is Obama's argument. And we should view that with skepticism, too, because it's only one factor among many. The TPP, at least what we know about it, does not seem to be a good deal for American workers, particularly the few unionized workers we have left. We should not just jump in on TPP because, "If we don't, China will." That reminds me of a jury that finds someone guilty because, "If he didn't kill her, who did?" Is it possible to negotiate a TPP that doesn't screw US workers? I don't know. Obama seems pretty confident, but we've heard similar things before. And the Republicans, with the exception of the far right wingers, are generally supportive, and that's a clue that TPP would be a gift to big business.
pampango
(24,692 posts)play into their strong suit when it comes to international trade.
http://thediplomat.com/2014/06/chinas-fta-strategy/
... interests of the United States hidden behind "high standards" undermine the negotiation. The United States, by using "high standard" as a disguise and taking advantage of its technology and market edges, tries to maximize its interests through negotiations.
At the very beginning of the negotiation, the United States reminded other members that the U.S. Congress would not accept a TPP without strong labor and environmental measures. Obviously, the United States aims to lower the comparative advantages of developing countries so as to create more job opportunities for itself.
http://english.peopledaily.com.cn/90777/8113289.html
Thinkingabout
(30,058 posts)this just may be a good replacement for NAFTA. Still waiting to see what the final agreement before I make a final judgment .
moondust
(19,981 posts)Should the U.S. be panicking about those Chinese "trade clubs" in the Western Hemisphere?
Maybe this is just MarketWatch trying to convince people that what's bad for China is good for the U.S.