Wang Shouwen revealed that China has conducted in-depth and comprehensive research and evaluation on more than 2300 provisions of the CPTPP, and has sorted out the reform measures and laws and regulations that need to be adjusted when China joins the CPTPP. Recently, the Chinese government has also submitted an exchange document to CPTPP members regarding China's accession to the agreement. China has taken the initiative to benchmark the high standards of CPTPP and has taken the lead in implementing reform and opening up in relevant fields domestically.

Wang Shouwen also stated that China will continue to open its doors for development and actively promote high-level opening up. At present, China has basically relaxed the access of foreign investment in the manufacturing industry, and is comprehensively and orderly opening up the service industry. In the future, it will also reasonably reduce the negative list of foreign investment access, launch free trade pilot zones, and launch a nationwide negative list of cross-border service trade. He stated that China will vigorously attract foreign investment and welcome foreign enterprises to invest and prosper in China. Investing in China means obtaining a huge market of 1.4 billion people, ensuring a safe, stable, and efficient entire industry supply chain. It also means obtaining more high-quality and convenient investment services and a more transparent and stable business environment. The increasingly open Chinese market helps multinational enterprises truly achieve their own development and enhance their competitiveness in the global market

Zhang Yujing, Deputy Researcher of the International Trade Research Department of the China Council for the Promotion of International Trade, stated that CPTPP is currently the highest level international economic and trade agreement, and its most significant characteristics mainly include two aspects: firstly, more favorable rules of origin, and secondly, higher requirements for cross-border service trade.

She introduced that if China joins the CPTPP, it will benefit industries such as biopharmaceuticals, general chemistry, plastic rubber, and their products. Products in these fields are subject to relatively loose regional value standard rules and can enjoy relatively more favorable policies; However, the negative impact on China's textile industry is significant. For textiles, CPTPP has adopted the "yarn recognition" rule of origin, requiring that textiles must be processed from yarn to clothing in CPTPP member countries, otherwise they will not be able to enjoy tax incentives. The origin rule of "tracing back to yarn" will likely reshape the global supply chain of the textile industry, which has a significant impact on China's textile industry. In the field of cross-border service trade, CPTPP requires all member states to commit to opening up service trade through a negative list model. China's accession to the CPTPP will require the opening up of more cross-border service areas. On the one hand, this will bring a larger consumer market to Chinese enterprises, help them introduce advanced technology, and improve production efficiency; On the other hand, in some fields such as communication, culture, education services, etc., potential safety and operational risks will inevitably be faced. In industries such as engineering, construction, and law, there are still significant differences between professional qualifications and standards and international standards. Enterprises will also have to make more efforts to obtain internationally recognized qualifications and standards.

As China accelerates the process of joining the CPTPP, investors and enterprises should take more risk factors into consideration. Zhang Yujing introduced two risk points: first, some industries face security risks. For example, joining the CPTPP will inevitably improve the level of openness in cultural services and other fields, which requires China to improve cultural security awareness and build a solid Safety barrier for cultural development. Secondly, state-owned enterprises face regulatory risks, and CPTPP has provided a relatively broad definition of state-owned enterprises and formulated strict restrictive measures.

"China's application for joining the CPTPP is conducive to the promotion of the Asia Pacific Free Trade Agreement, and is vital to the regional economic integration of the whole region and the stability, safety, reliability and efficiency of our local industrial chain supply chain. At the same time, it will also promote China's high-quality development of the the Belt and Road," said Zhang Yujing.