China committed to Asia-Pacific economic integrationStaff Writer | January 25, 2017
China said that it was committed to the process of Asia-Pacific economic integration in a spirit of openness, inclusivity and transparency, despite the United States quitting the Trans-Pacific Partnership (TPP).
Trade relations Foreign Ministry spokesperson Hua Chunying:
US President Donald Trump Monday signed a memorandum ordering withdrawal from the Trans-Pacific Partnership (TPP).
The TPP, a free trade pact between 12 Asia-Pacific countries, was formally signed by ministers last February after more than five years of negotiation. China is not a member of the TPP.
Hua said that China had always called for an open, transparent and mutually beneficial regional free trade arrangement and believed trade rules should be made through neogtiation with all parties on an equal footing.
"The Asia Pacific region should continue to exert its role as the engine of global economy under the current economic downturn and establish an open economy," said Hua. ■