To sum up, although China’s officials have underscored their openness to the TPP, it is not at the forefront of their agenda, and TPP nations would be naïve to think that China would participate in any pact that would increase its cost of doing business. Whether and when free trade cooperation on both sides of the Pacific will come about is anyone’s guess, but for now, for China, the TPP is a non-starter.
China is pursuing a policy closer to Friedrich List and the National System that the US adopted as the American System rather than than the British System of Adam Smith and David Ricardo. China is following in American footsteps as an emerging nation, and it is not likely to follow America after the US has become an empire itself and adopted the British System.
Will China switch horses after it comes an economic empire?
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