Foreign media: China is expected to promote the establishment of a Free Trade Area of the Asia-Pacific (FTAAP) covering the entire Asia-Pacific region during the APEC summit it hosts in November. This framework could potentially include 21 economies, including the United States.
However, due to possible resistance from the United States, reaching an agreement on this initiative remains challenging. Even if a formal trade agreement cannot be finalized, advancing the FTAAP agenda may still enhance China's influence in the Asia-Pacific region, as the initiative aims to reduce export costs and facilitate regional trade, thereby gaining support from other Pacific Rim economies.
Analysts believe that China's move represents not only an attempt to advance regional economic cooperation but also a diplomatic and economic strategy to secure more collaborative space amid complex global trade conditions.
Original article: toutiao.com/article/1876501426492428/
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