German media said the future president of the United States does not attach much importance to the free trade agreement with Southeast Asia and europe. Even the Chinese now hope Donald Trump won't take it seriously. But if that's the case, the biggest benefit could be china.
           According to the German "economic weekly" website reported on November 29th, Obama called twenty-first Century "Pacific Century", which makes Europeans unhappy. The outgoing president of the United States is used to describe the continuing expansion of the American economy in asia. This is a logical development, given the globalization and digitization of the world.
           Reported that in recent years, the Obama administration has affected the development of the United States and the region more than one draft agreement. Now, just before the breakthrough, Donald Trump was elected the next president of the United States, and this will be at the end of January the White House entrepreneurs have made it clear that he did not think too much of the trade agreement.
           Ideally, however, all participants benefit from the agreement. China has shown great support for free trade. The logic of China is that Trump is a businessman, and when the election is over, he will take action from economic rationality and give up protectionist measures. The agreement negotiated by the Obama administration is effective only when the United States is involved.
           On the other hand, on the other side of the Atlantic, the European Union has been engaged in a free-trade agreement with the big country for some time. This is because of the national feelings of the individual countries, or the public feel that such an agreement is not good, and during the negotiations have been severe criticism. The discussion centered on consumer protection and reliance on the arbitral tribunal. However, in addition to consider something, like the United States and Europe -- are emerging in migration generally refuse to attitude on free trade, globalization and free. Britain's referendum in Europe and the results of the election in the United States also point to this direction. Moreover, only a few weeks ago, especially because of these concerns and refusal, the European Union free trade agreement with Canada was on the rocks.
           In other words, the new and new continents are beginning to become rusty, and the new world and China are beginning to drift apart, the report said. On the other hand, China does not hesitate to invest overseas, diversify its own investment, or transfer technology to china. The Chinese are also very active in Germany and have made many acquisitions and investments. Sooner or later China will become networked with the world's economy and thereby become dependent on it. During the peak period of the financial crisis, people saw a large number of foreign exchange held by china.
           A preliminary summary of the era of globalization shows that globalization has now alleviated the poverty of a large population and brought about greater prosperity in poor countries. At the same time, in rich countries, it makes a small number of rich people richer. Countries such as China, India and Mexico benefit from the age of globalisation - and, likewise, countless consumers in western industrial countries benefit from lower prices. On the contrary, the free flow of capital unimpeded (especially through investment and various financial instruments) led to the concentration of wealth, it is faced with stagnant wages and western social welfare behavior hollow in a certain extent.
           According to the report, this is a gap that separates China from the United States (and the West as a whole). This contradiction reveals the different views of free trade and the different reasons of political evaluation. In the west, this leads to political stagnation to some extent, which can be clearly seen in discussions with the United States and China over the fta. The winner is china. As the United States continues to move away from global affairs and remain isolated, China will speak in a variety of ways, both economically and in financial terms.
           Generally speaking, there is nothing to blame. But China is taking the lead in determining standards and rules. If the West withdraws from this process, then the authoritative parameter will be decided by china. With the election of Donald Trump, the possibility of this development is further increased - China may gain decisive benefits from it. It was not the Pacific Century, but the Chinese century.