Analysis of the Impact of RCEP on China’s Mining Market

Abstract

RCEP (Regional Comprehensive Economic Partnership), a modern, comprehensive, high-level and mutually beneficial agreement was signed, which marks the official establishment of the free trade zone with the largest participating population, the most diverse membership structure and the greatest development potential in the world. Benefit ed from RCEP, the regional trade liberalization can be achieved and the rising global inflation expectations can be reached. The mining industry, especially the metal industry, may usher in a new period of development opportunities. However, potential risks still need to be paid attention to. For example, the implementation of RCEP is far less than expectations; the situation of Sino-US trade has further deteriorated; and the implementation of economic stimulus policies in Europe and the United States falls out of expectations.