Study: China's participation in CPTPP would quadruple income for members

China's accession to the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership – in the absence of the U.S. – would quadruple annual global income gains for member countries, according to a new report published by the Peterson Institute for International Economics. CPTPP is projected to generate an estimated $147 billion per year in income for its 11 member countries, but with China in the agreement, income would rise to $632 billion per year, according to the report. Moreover, CPTPP...