TPP's Biggest Impact on China Is Reshuffle of the Industrial Chain

Following the U.S.-led formation of the Trans-Pacific Partnership (TPP), a People's Daily article discussed what impact the TPP might have on China's industrial chain. Below is an excerpt from the article:

"The main objective of the U.S. in pushing the TPP is to extend the U.S.-led global trade rules. The TPP will mean an upgrading of the trade rules. Its main role is to reconstruct the global industrial chain through free trade negotiations. This is a core interest of the United States and it will have a...