CPTPP would benefit China just by forcing it to reform some aspects of its economy. The same way WTO forced China to reform before joining it. Just this aspect alone is worth it for China to join
Chinese Economics Thread
- Thread starter Norfolk
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China is just applying to troll.
And for that reason, I am against it. The reforms after WTO joining didn't happen in isolation. It was a continuation of reforms initiated a decade or more before by Deng. One could say China ably used the myopia /tunnel vision/ cataract the west had during the post Soviet collapse decades.
I certainly believe CPTPP will force China to reform, but this time its going to harm the country. The west has a vision impairment of a different kind (maybe brain) that sees China as the boogeyman. Having China be forced to change for CPTPP creates openings of weaknesses the adversaries can exploit. It's not even a possibility but a certainty. I would have tried to do damage using CPTPP if I were a US / Five eyes Foreign affairs planner.
Simply put, be wary of any groupings, arrangements, blocs, motions, initiatives etc led by adversarial western countries or Allies after 2010.
I really hope so. But again, if I were a CPTPP diplomat, I'd welcome China, expedite the process of integration and then gift the Chinese a thousand cuts.
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It is another way for China to conquer foreign markets further, and even exploit weaknesses of these anti-Chinese adversaries.
If they are applying to troll, then in case of being accepted they can just delay adopting all those CPTPP provisions while proceeding to trade. This will render the CPTPP to be a joke. So I think the most likely scenario is that China will not get accepted, which will give them the right to paint the CPTPP as an economic grouping against China. Either way, I see the application as a win-win.
The Anglo US, specifically the 1%er Elites hoped to use the TPP as a way to exert control over other foreign nation states, being able to sue governments for "lost imaginary profits". When the Obama era TPP was put forth, it was made on the assumption that the US would be the largest and strongest state within TPP and therefore, able to use its market to shape decisions.
Fast forward to today, and it could well be China within the CPTPP that exerts its massive market over the rest of the CPTPP members- this is what the anglos and japanese fear.
Can you imagine Huawei taking Australia and Japan to court over "lost profits"?
The core of your assumption is that free markets are inherently superior to the socialist market economy China has. You might benefit by reading this:
This is a much better reason to join.
AssassinsMace
Lieutenant General
It's interesting the DOW's fall yesterday they blamed on China. Isn't this what they wanted? They want China to collapse. They've been hoping for a Lehman's style collapse of China since the 2008 Western financial crisis just because if they took a hit, then China better take one just on principle that they have the superior economics. But it didn't and that just makes them boil. Why are they bothering to blame anyone for something they wanted to see happen? It's because they didn't think about how it would cost them blinded by wanting to see China collapse. That's what I was talking about in another earlier posting where China thinks warning how some US action will hurt both the US and China will deter the US from doing it. No, Americans don't care just as long as China is hurting. That's why if China is going to engage in this kind of brinksmanship hoping to deter the US from doing something, you only taunt about how it'll hurt them not how it'll hurt both.
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There are risks and triggers in both economy (US and PRC) for crisis.
The question is who will step over the abyss sooner and if both happens around the same timeframe who will recover faster.
Perhaps, despite media droning and BS, US is closer to cataclysm than China and they are so intertwined, the collapse of US markets will trigger a crisis in China. However, China's powder is mostly dry and ready for another round, while US is pretty tapped out.
Another consideration is that the current correction in China was/is engineered by the state. CCP has been planning on this shit for a while, but was never quite able to get the public behind them on these strategic moves. China's performance against COVID in 2020, and the Delta variant in 2021 has sufficiently buttressed public opinion that they can finally embark on these measures while the reset of the world is still in a bit of regression due to the pandemic.
BTW, I watched this by Asianometry last night, and found it pretty informative.
After the endless barrage in the MSM that Evergrande was going to be the new Lehman. We now finally have some nuance about the situation. This more nuanced view about Evergrande today is brought about by the sell off on the markets yesterday. Their bias is starting to hurt their own economies and now they have to dial back the rhetoric.