China has completed the approval of RCEP. What does this mean for China?

? China's approval of RCEP means that it is beneficial to China's trade, investment and economic development among member countries, provides strong support for China to build a new development pattern, brings new opportunities for enterprise development, and will also be a new starting point for China to implement the strategy of upgrading its free trade zone. Specifically, there are three aspects:

? First, the economy. China actively promotes the entry into force of RCEP and has completed the ratification of RCEP Agreement, which can actively promote domestic industries and enterprises to enhance their competitiveness and enhance their ability to seize RCEP opportunities. In order to adapt to the more open environment and fierce competition after the implementation of the agreement, enterprises will benchmark the international advanced industrial level, improve quality standards and rules, push the national manufacturing industry to the middle and high end, improve product quality and enhance market competitiveness. ?

? Second, tourism. The signing of RCEP will better promote the circulation of people in this region, especially in the domestic and international situation of slowing economic growth, RCEP will play an extremely effective role in promoting consumption and shipping, and will bring new opportunities to regional tourism. In addition, at the node of epidemic normalization, it has become a trend to pursue a higher quality, safer and more comprehensive tourism service industry. Reducing travel restrictions among member States will become a high probability event, and RCEP member States may reduce travel restrictions like the EU. With a national passport, they can travel visa-free between 15 countries, which will further promote the development of tourism. At the same time, related cross-border trade, finance, tour guides and other occupations will also increase accordingly, providing more jobs. ?

? Third, logistics. From the perspective of China, RCEP Free Trade Zone has become China's biggest foreign trade target. With the gradual increase of import and export volume and investment in RCEP free trade zone countries, the demand for cross-border logistics will also show an upward trend.