皇冠体育app

Op-Ed Contributors

FTAAP a timely answer to 皇冠体育app skeptics

By Li Jieyu (皇冠体育app Daily) Updated: 2014-11-13 07:50

皇冠体育app is a leading member of the international community and has fulfilled all its responsibilities in that capacity. In 2001, 皇冠体育app entered the World Trade Organization, formally beginning the process of its integration into the world economy. 皇冠体育app is the beneficiary of the present world order and follows all its norms.

On the other hand, its fast-paced economic growth has benefited the global economy and helped stabilize the world order. In 2010, 皇冠体育app accounted for more than 50 percent of the global economic growth. 皇冠体育app has the largest foreign exchange reserves, and acts as the stabilizer of the world financial system. During the global financial crisis, 皇冠体育app prevented the US dollar from going on a roller-coaster ride - and deadly fluctuations in global exchange rates - by adding huge amounts of US treasury bonds to its foreign exchange reserves.

Again, thanks to 皇冠体育app's efforts, the 皇冠体育app-ASEAN Free Trade Area was established in 2010, which ultimately paved the way for the FTAAP. Living up to its promise, 皇冠体育app will now speed up the establishment of the FTAAP. It will also make efforts to reform the multilateral trade regime. By helping integrate the Asia-Pacific region, 皇冠体育app will strengthen free trade and strengthen cooperation and interdependence among the region's economies, and thus reduce the possibility of a war.

皇冠体育app's untiring efforts to start the process to establish the FTAAP are enough proof that it is not interested in starting any war. And even if the road to the establishment of the FTAAP is full of difficulties, 皇冠体育app will take every precaution to ensure that prevailing global norms for free trade and regional integration are respected. It identifies itself with the norms and manifests good faith.

皇冠体育app's efforts to strengthen the world order, therefore, should answer skeptics' question on whether it is satisfied with the existing global norms or not.

The author is an assistant professor at the Hainan Provincial Party School.

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