China: RCEP will boost trade, help implement dual-circulation strategy

The Regional Comprehensive Economic Partnership represents a “milestone” in China’s “opening up” that will boost trade and fuel Chinese economic growth, a Chinese official said last week, just days before the agreement went into effect on Jan. 1. China, as well as 10 members of the Association of Southeast Asian Nations and four other countries, signed onto RCEP in 2020. The agreement is billed as the world’s largest free trade pact, though in many ways it is not as extensive...