Tightly catch RCEP opportunities to shape a new development pattern
December 15, 2020 09:24 Source: "Journal of Social Sciences" 2020, December 15, 2069 Author: Zhang Ming Chen Yan Mo

Construction with a large domestic cycle in China、New development pattern of dual -cycle mutual promotion at home and abroad,It is an epoch -making strategic measure proposed by the Party Central Committee。This is not only a measure to deal with the international environment to enter the "unscrupulous change in a century",It is also the inherent requirements for changing China's economic growth momentum。On the occasion of this,November 15, 2020,China、Japan、Korea、Australia、15 countries including New Zealand and ASEAN countries officially signed the world's largest free trade agreement- "Regional Comprehensive Economic Partnership Agreement" (RCEP)。The signing of RCEP will provide major opportunities for the construction of a new development pattern of "dual cycle"。This article will be from trade、Finance、Open、Mechanism four aspects,Discuss how to use RCEP to achieve mutual promotion of internal and external circulation。

Trade level: Combined with RCEP to reshape the industrial chain。As of 2019,10 ASEAN countries have become the fifth largest economy in the world,second only to the United States、China、Japan and Germany。As of 2017,RCEP regional cargo and service export account for 26.1%of global proportion,11.8 percentage points above the US Canada -Mexico area。Since 2000,The proportion of trade in the Asian region shows an upward trend,and the European Union showing a continuous bet365 Play online games decline。Lift of the tariff barrier in the RCEP area、increased regional trade dependence,Reinstance for the industrial chain in East Asia。

my country's government and enterprises shall seize the time of adjustment (shortening and regionalization) after the global industrial chain may be adjusted (shorten and regionalization) after the epidemic in the new crown pneumonia.,With the signing of RCEP,Strengthen the contact between China, Japan and South Korea and 10 ASEAN countries,Further strengthen China's core position in the bet365 live casino games Asian industrial chain,Maintain China's hub status in the global industrial chain as much as possible。

In the process of strengthening the core position of the industrial chain,We should pay attention to the advantages of the two "geese array mode": First, the domestic "geese formation mode",、Guangdong, Hong Kong, Macao Greater Bay Area、The Yangtze River Delta is Goose Head,Taking the Middle Triangle and the West Triangle as the second echelon,The order development model with other domestic regions as the third echelon; the second is to use China, Japan and South Korea as a goose head,Taking the relatively developed countries along the ASEAN and the "Belt and Road" as the second echelon,The sequential development mode of the third echelon with the underdeveloped countries along the “Belt and Road”。The signing of RCEP provides a good platform and opportunity for the realization of the "double geese array mode"。The construction of "Double Goose Formation Model" helps to strengthen China's three -chain in Asia (Industrial Chain、Supply Chain and Value Chain) core position,It also helps to improve the improvement of the bet365 live casino games Asian industrial chain and self -lifelike ability。

Financial level: Promote the internationalization of RMB within the range of RCEP。RCEP helps enhance the trade dependence and investment dependence of internal partners in East Asia。Coordinated development in East Asia and the increasing closeness of economic and trade relations,will reduce the dependence of East Asian countries to the United States and the European Union。further,USD、The currency status of the euro and the British pound in Asia will be affected。

From the perspective of the internationalization of the RMB,2010-2015,China settle in RMB that encourages cross -border trade and direct investment、Vigorously develop offshore RMB Financial Center represented by Hong Kong、The Bank of China and other central banks signed a bilateral "three -in -one" strategy to swap bilateral currency swaps to promote the internationalization of RMB。From 2018,China has begun to change to promote the internationalization strategy of RMB。The new strategy can also be summarized as "Trinity",Including vigorously developing RMB's pricing currency status in commodity transactions、Accelerate the opening of the domestic financial market,Cultivate the real demand for RMB in the countries along the "Belt and Road" countries。The new "Trinity" strategy of RMB will help promote the internationalization of the RMB more stable、More sustainable development。

Combining RCEP with the new "Trinity" internationalization strategy,helps to accelerate the internationalization process of RMB。Specific performance as,First,Promote the construction of cross -border commodity exchanges inside RCEP,and currency bet365 Play online games included in RMB as a valuation currency,to enhance the correction currency function of the RMB。Second,Remake in China's active participation or even dominated by RCEP through RCEP,helps to cultivate the real needs of the RMB。other,Open the Chinese financial market、The construction of the free trade port with the free trade zone is combined with RCEP,Accelerate the opening of the financial market。other,New RMB internationalization strategy of the new "Trinity",It can also be organically combined with the above "double geese formation mode",Realize the mutual linkage and mutual promotion of trade and financial goals。

Open level: Relatively connected to the RCEP with the bet365 best casino games China Free Trade Zone Free Trade Port。East Asian region has labor and capital advantages,The signing of RCEP is conducive to the free flow of production factors。Specific performance as,One,RCEP area has the advantages of population stock and population dividend。From the perspective of population scale,As of 2018,RCEP regional population accounts for 29.7%,exceeded the European Union (6.7%) and US Mexica (6.5%) 23.0 and 23.2 percentage points。From the perspective of age structure,As of 2018,RCEP area has 31.6%of the world's 15-64 -year -old population structure,Bigviliated by the European Union (6.7%) and US -Mexica (13.2%) areas 24.9 and 18.4 percentage points。Its two,RCEP area has capital advantages。As of 2018,FDI net inflow in the RCEP area accounted for 38.3%of the global net inflow,10 percentage points beyond the US Mexico -Canada area。More than one -third of the world's investment is within the RCEP range。

Next,can organically combine RCEP with the bet365 best casino games China Free Trade Zone Free Trade Port。More than half of China's provinces and municipalities have established free trade zones or free trade ports。In terms of the construction of the next stage of the free trade port in the Free Trade Zone,It is necessary to consolidate their respective connotations as soon as possible,Combined with the resource endowment and comparative advantages of all provinces and cities,Docking the advantages of the production factors of adjacent countries in the RCEP area,Introduce the construction plan of the free trade port with distinctive characteristics,and use this to drive a higher level of regional economy、higher level development。For example,The more adjacent to the free trade zone with Japan and South Korea can pass the technical cooperation with the Japanese and Korean governments and enterprises,Promote the dual cycle of domestic and international; the free trade port that is more adjacent to ASEAN can through the production cooperation with ASEAN countries,Realize domestic and international dual cycles。

From early 2018 to the present,Chinese domestic financial markets are accelerated,helps introduce more high -level participants、More complete market competition mechanism,Expand the breadth and depth of the Chinese financial market,It also helps to promote the internationalization of RMB。other,The signing of RCEP will also give birth to a higher level in the East Asian region and the updated form of financial cooperation。

​​But,In recent years, the Chinese market has also increasingly appreciated the negative impact of cross -border investment on domestic asset prices and financial stability.bet365 best casino games 。So,While speeding up the two -way opening of the domestic financial market,It should also actively monitor and prevent and control the potential risk in the process of preventing and control。Under the background of accelerating the opening of the domestic financial market,It is still necessary to retain the control of short -term capital flow,Systemic risks to prevent cross -border capital from exacerbating the domestic financial system。

Mechanism level: Further strengthen the construction of multilateral mechanism led by emerging market countries。As one of the beneficiaries of globalization,China should unswervingly promote economic globalization。One aspect,Make full use of the existing international multilateral mechanism,For example, the United Nations、G20、WTO、Trade issuance meeting、IMF、World Bank、World Health Organization、Paris Agreement, etc.; On the other hand,Continue to promote the construction of a new multilateral mechanism initiated by the Chinese government,For example, RCEP、"Belt and Road"、Asian Infrastructure Investment Bank、New Development Bank of the BRICS、Silk Road Fund, etc.。During the construction process of the latter,It should fully attract private forces to participate,Improve marketization。The signing of RCEP this time,given more free discretion in East Asian countries。In the future, internal economic and trade issues of the region do not need to be left to WTO arbitration,Through the internal mechanism, you can get a more successful solution。This also shows that emerging market countries have taken an important step in the construction of international order。

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