Economic Integration In The Asia-pacific Region And China’s Strategic Choice

In recent years, international regional economic integration has developed rapidly. More and more countries attache greater importance to it, so does China. In the APEC meeting in2014, China actively advocated to promote the Asia-Pacific regional economic integration. The current Asian regional economic cooperation faces a directional selection.On one hand, the United States takes the TPP as the main line to strengthen contact with Asian economy, which is changing the pattern of the asia-pacific regional economic cooperation. On the other hand, in order to consolidate the association of south-east Asian nations (ASEAN), ASEAN countries actively advocate RCEP.In this background, this paper will focus on strategies of the major countries in the Asia-Pacific region, such as China, America, Japan, Korea and so on. First of all, this paper introduces the present situation of the CJK FTA, the TPP, the RCEP and analyzes the major nations’ strategic considerations of regional economic integration. Next, the paper builds a basic game analysis model to study the influence of regional economic integration and countries outside the region economic integration how to make a choice in two or more integrations. Then, the article uses the GTAP software to simulate six scene, which are analyzed in macro and micro. Finally, this paper argues that China should actively promote the process of CJK FTA at the moment, and ultimately to promote the establishment of the RCEP, but should take notice that in the process of regional economic integration, the government need to give recognition and protection to certain industries.