China

Asean, RCEP trade partners unlikely beneficiaries from US-China trade war, Deloitte economist says



An unexpected effect of the US-China trade war has been an apparent acceleration of the process to forge an Asian trading bloc that does not include United States, according to Deloitte China’s chief economist Xu Sitao.After a renewed push from China, an initial Regional Comprehensive Economic Partnership (RCEP) agreement was finally reached in November 2019 after six years of talks, with the deal that would create the world’s largest free trade bloc possibly being signed in November 2020,…



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