"The interdependence of the Chinese and the US economy is so strong, serious and deep that it is impossible to cross out or remove China from this interaction and none of the companies in the United States is interested in this," Natalia Stapran, the director of the Russian Research Center of the Asia-Pacific Economic Cooperation at the Russian Presidential Academy of National Economy and Public Administration, stated.
It can be explained by these countries’ close interrelation in cooperative production chains, she added.
"Obama does not say that we [the United States] are against China, but says that the rules of the game in the region should be established by the United States," Stapran emphasized.
At the same time, China is not ready to fully reply to the challenges of the TTP, as it has multiple domestic structural economic problems, the expert outlined.
Obama announced the conclusion of the TPP deal back in October and sent the trade agreement to US Congress for ratification.
The deal includes the United States and 11 Pacific nations that account for some 36 percent of global Gross Domestic Product in 2014.
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