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02:19
China has both the willingness and capability to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and has been studying the terms, costs and benefits of joining the pact, said Wang Shouwen, vice-minister of commerce. At a news briefing in Beijing, Wang emphasized that China's accession to the CPTPP would be in the best interests of the country, all CPTPP members, and the economic recovery of the Asia-Pacific and the world as a whole. The official hoped that all CPTPP members could support China's accession, which would result in a tripling of the consumer base of CPTPP members as well as a 1.5 times expansion of the pact members' total GDP.