China's Asia - Pacific regional integration and Its options.

The Asia-Pacific region is playing a huge role in the economic growth of not only regionally but also globally. Currently, the region is also leading the movement of FTAs in the world. The FTAs is leading to regional-wide FTA convergence initiatives for the first time in history such as CPTPP, RCEP and FTAAP. However, the approach of these trade initiatives is quite different in terms of contents, size and members. In addition, the idea of forming FTAAP is given in the context of two major trade agreements in the region including CPTPP and RCEP.

As a result, the outcome of these two agreements will inevitably have a significant impact on the FTAAP process, either or both of which could lay the foundation for the creation of a trade agreement itself.The US did not initiate TPP, but it has pushed TPP as a trade agreement between the Pacific Rim to form, providing the principles for regional trade in the 21st century. After seven years of hard negotiations, 12 members signed the agreement in October 2015. Although the agreement was troubled when Donald Trump's government announced its withdrawal, the remaining 11 countries, under the lead of Japan and Canada, resumed negotiations in May 2017.

They concluded on reshaping the CPTPP, which icing some articles of TPP with the hope of the return of the US, in November 2017.In recent years, China has been one of the countries that has actively promoted regional economic integration in East Asia. By 2016, China has signed and implemented 14 FTAs involving 22 countries and territories. China's active international economic integration caused from many factors. First, FTAs movement meet the growing demand of China's market for materials, equipment and technology. In order to meet the demand for domestic economic development, especially in the context of oil price, raw materials and fuels, which contain many fluctuating factors, China intends to continue opening up the outward-looking strategy.

Thus, expanding the FTA gives China greater access to resources. Second, signing the FTA plays an important role in China's foreign policy. The FTA is a factor that ensures stability in developing and maintaining peaceful relations with neighboring countries, facilitating China's ability to more effectively target such as the BRI initiative. On the other hand, for nearly 40 years of high economic growth, China has taken its power to a new level. China needs to affirm its wealth, power and status to win a better...