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China's $88 bil. gain if no TPP www3.nhk.or.jp
A US Congressional panel believes that the Chinese economy would get a boost if the Trans-Pacific Partnership fails to go ahead and its own Asian free-trade deal does.
The US-China Economic and Security Review Commission released its annual report on Wednesday.
It says if the TPP dies and the Regional Comprehensive Economic Partnership, or RCEP, goes into force, China would get an economic effect worth 88 billion dollars.
Sixteen economies including China, Japan and Southeast Asian countries are negotiating RCEP.
The report also speculates on the reverse situation the TPP going ahead without RCEP. China would suffer a loss of 22 billion dollars in that case.
President-elect Donald Trump says the US will withdraw from the TPP. In addition, the Republican Senate leader has dismissed the possibility of TPP bills being submitted before President Barack Obama's tenure ends in January.
Published Date:2016-11-17
