ABSTRACT
China has adopted an active, flexible, and pragmatic strategy in participating and promoting the regional arrangements in East Asia. RCEP is the most significant outcome of East Asian economic integration aimed at establishing a modern, comprehensive, high-quality large regional FTA. It will help to improve the overall economic environment in the region by reducing business costs and the trade creation effect. RCEP is a major progress made by China’s endeavour to implement its free trade area strategies. China takes RCEP as a pressure point and also a good opportunity to conduct the deepening reform and opening up as it is a high-quality mega agreement. RCEP is a unique opportunity for China to deepen its reform and opening up and enhance close relations with East Asian countries.
