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Which industries does rcep benefit?
Boosted by the successful signing of the Regional Comprehensive Economic Partnership Agreement (RCEP), the sectors such as port shipping, foreign trade, textiles and clothing performed strongly. The agency believes that RCEP promotes regional economic integration, and it is expected that the strong export model will continue. In the medium and long term, port shipping, cross-border e-commerce and export-oriented industries with a high proportion of China in other member countries may continue to benefit.
"The signing of RCEP will give China a broader development prospect in export trade. This is beneficial to the development of China's export trade industry and even the whole economy. The sharp rise in the Shanghai and Shenzhen stock markets on Monday also reflected the optimism of investors. " Yang Delong, chief economist of Qianhai Open Source Fund, said.
Extended data
The signing of RCEP supports the long-term demand of shipping industry and has a direct and positive impact on shipping companies. Zhongchuang Logistics said that the construction of regional comprehensive economic partnership will enhance the economic competitiveness of the whole East Asia region, improve the degree of regional economic integration, and bring new development opportunities to logistics enterprises to a certain extent.
Guo Sheng Securities also pointed out that the signing of RCEP is an opportunity for the dominant industries in China and a challenge for the weak industries. According to the agency's calculation, under the RCEP Agreement, industries that have benefited greatly include textiles and clothing, light industry, building materials, agricultural products, extractive industries and e-commerce. Relatively speaking, the industries that have been hit hard are automobiles and parts, petrochemical industry and so on.
People's Network-RCEP Releases Dividends, Multi-industries Welcome Long-term Benefits
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