Port shipping, cross-border e-commerce and China's exports to the rest of the member states accounted for a high proportion of export-oriented industries or continue to benefit.
Buoyed by the news of the successful signing of the Regional Comprehensive Economic Partnership Agreement (RCEP), port shipping, foreign trade, textile and garment sectors performed strongly. Institutions believe that the RCEP to promote regional economic integration, strong export pattern is expected to continue. In the medium and long term, port shipping, cross-border e-commerce, as well as China's exports to the rest of the member states accounted for a high proportion of export-oriented industries or continue to benefit.
"The signing of RCEP makes China's export trade will usher in a broader development prospects. This is favorable to the development of China's export trade industry and even the entire economy. The sharp rise in Shanghai and Shenzhen on Monday also reflects investors' bullishness." Yang Delong, chief economist of the Qianhai Open Source Fund, said.
Expanded
The signing of RCEP is supportive of long-term demand in the shipping industry and has a direct positive impact on shipping companies. CCTC Logistics said that the construction of the Regional Comprehensive Economic Partnership (RCEP) will enhance the economic competitiveness of the entire East Asia region and improve the degree of regional economic integration, which to a certain extent will bring new development opportunities to logistics companies.
Guo Sheng Securities also pointed out that the signing of RCEP is an opportunity for China's advantageous industries and a challenge for the weak industries. According to the agency's calculations, under the RCEP agreement, the industries that benefit more include textile and clothing, light industry, building materials, agricultural products, extractive industries, e-commerce, etc.; relatively speaking, the impact of the industry, including automobiles and parts, petrochemicals, etc..
People's Daily Online - RCEP releases dividends, many industries to meet the long-term benefits