Research on the Impact of RCEP on China’s Manufacturing Output and Trade: Based on GTAP Simulation

The signing of RCEP is a milestone for regional economic integration in East Asia. This paper aims to seize the opportunities brought by China’s manufacturing industry and promote high-quality development industry. Therefore, sets up three simulation scenarios, uses GTAP10 simulate impact on subdivided industry, further explores with different technical levels. results show that: 1) reduction intra-regional trade costs under tariff concessions will increase output, import export most sectors China; 2) When zero, it obviously low-tech medium-high-tech industries region. In order better grasp benefits RCEP, we need national policy support improvement core competitiveness enterprises.