News Snapshot:
As the coronavirus continues to ravage world economies, China is set to sustain its role as a key player in global supply chains. In a bid to do so, China and 14 other countries have signed the Regional Comprehensive Economic Partnership (RCEP). The partnership has formed the largest trade deal globally. What’s in it for China? According to analysts, this pact will have a positive implication on the Asia-Pacific market size. It will also provide ample opportunities for companies to produce and sell within themselves. Michael Hirson, Eurasia Group’s practice head for China and North East Asia, explains that the...
