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China's Economic Recovery and RCEP's Impact
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Asia's Manufacturing Challenges
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Overview
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China's economic recovery is set to be consolidated and enhanced in 2024, with a focus on comprehensive reforms and deepening opening-up. The Regional Comprehensive Economic Partnership (RCEP) has contributed to promoting regional trade and investment cooperation despite rising protectionism, gradually eliminating tariffs on over 90% of goods traded within the region. Singapore's economy grew 1.2% in 2023, avoiding a recession, with expectations for a less favorable external environment in 2024.
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How could the upgrade and expansion of the RCEP contribute to the development of new economic opportunities and investment in the region?
How might the consolidation and enhancement of China's economic recovery impact global trade dynamics and geopolitical relationships?
What strategies can be employed to address the challenges faced by firms and employment hardship in the RCEP region?
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