Abstract
The COVID-19 outbreak and the Russia-Ukraine conflict are significant economic challenges for China. Meanwhile, the Regional Comprehensive Economic Partnership Agreement (RCEP) entered into force on 1 January 2022, establishing the world’s largest free trade zone with the world’s largest population, the most diverse mix of members, and the highest development potential for reviving China’s economy. The RCEP’s second chapter goes beyond current global and regional free trade agreements, stipulating tariff reductions and their methods, which have had a noticeable impact on member countries’ imports and exports. This study investigates the impact of RCEP tariff concessions on China’s imports and exports, as well as industry development, by examining the various types of tariff concessions and tax cuts available.
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