What should we make of China’s CPTPP bid?

10/07/21 • 24 min

More than four years after the United States pulled out of the Trans-Pacific Partnership, which eventually became the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), China has applied to join. Is the bid sincere or viable? In today’s episode, Jeffrey Schott, senior fellow at the Peterson Institute for International Economics, discusses what China’s bid means for the future of the trade pact and for US engagement in the Asia Pacific.

Previous Episode

How the digital yuan could change China’s payment landscape

China has been doing public testing for its new digital currency, called the digital yuan or Digital Currency Electronic Payment. The introduction of the digital money, issued by the People’s Bank of China, has significant implications for the future of China’s payment economy and services like WeChat Pay and AliPay. To talk more about the digital yuan and its potential impacts, we sat down with Jeremy Mark, a Nonresident Senior Fellow at the Atlantic Council.

Read Jeremy’s latest article on the digital yuan: Why China’s digital currency threatens the country’s tech giants
Read more articles about the economic and business aspects of the US-China relationship in the China Business Review

Next Episode

What falling bilateral tech FDI means for companies

Between 2016 and 2020, technology-related foreign direct investment between the United States and China has fallen by 96%, according to research from Bain & Company. In a section of the company’s annual Technology Report, Karen Harris coauthored a piece about how US-China FDI in technology has plummeted and how that decoupling will affect companies moving forward. Karen Harris is the Managing Director of Bain’s Macro Trends Group, and we chatted with her about falling bilateral tech FDI, US and Chinese indigenous tech drives, and how companies should think about the shifting environment.

Read Bain’s Technology Report 2021
Read Karen’s coauthored piece on falling US-China bilateral tech FDI: The US and China Are Decoupling, and Other Countries Are Following
Read more about the economic and business aspects of the US-China relationship on the China Business Review
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