Tepia Report | For overseas business in Asia, Japan Tepia Co., Ltd. Company Profile access group company Employment information English Chinese HOME > Tepia Report > China Report China related report Asia Related Report M & A related report China's influence as Filipino decision at AIIB and TPP April 20, 2015 The New York Times claims that China is Japan's biggest rival in Asia, but that is not always the case. The decision of the Philippines by the TPP (Trans-Pacific Partnership) and AIIB (Asian Infrastructure Investment Bank) is also interesting in predicting the future of China and Japan. The Philippines, which has territorial disputes between China and the ocean, signed a memorandum of understanding for the establishment of AIIB on October 24, 2014. Regarding the TPP advocated by the United States, when President Aquino met with President Obama in April 2014, he showed a positive attitude toward participating in the TPP. However, the day before March 31, this year, when the deadline for AIIB participation was set, the Philippine Minister of Trade and Industry Domingo, who was interviewed by the Nihon Keizai Shimbun, participated in the TPP during the president's term until June 2016. He expressed his intention not to. It seems that the reason for non-participation is that the necessary legislation such as revision of domestic law and constitution is not in time, but that is not the only reason. High expectations for AIIB can be seen by looking at the participating countries. The Chinese government announced on April 15 that its founding members have reached 57 countries. Four countries, excluding the United States, Japan and Canada, are participating in the G7, but Canada has revealed that it is actively considering participating in the AIIB. The reason why China leads the AIIB is clear. There is huge demand for infrastructure construction in Asia, and it is expected to be an export market for equipment and facilities made in China. AIIB is also closely related to China's Belt and One Road initiative as part of its export promotion. "One Belt, One Road" is composed of the "Silk Road Economic Zone" and the "21st Century Maritime Silk Road", and aims to expand and strengthen economic and trade relations with neighboring countries of China on land and at sea. Under these circumstances, the Chinese government has set out a "manufacturing powerhouse strategy" to expand exports of domestic equipment and facilities. China's manufacturing industry is sandwiched between developed and developing countries, and is challenged by both. For this reason, Prime Minister Li Keqiang announced in March this year that he would switch from the traditional "manufacturing powerhouse" to a "manufacturing powerhouse" in the National People's Congress. We aim to shift from labor-intensive simple manufacturing to high-value-added industries. The "Made in China 2025 Regulations", which is the highest level national plan and roadmap that includes plans for the next 10 years of the Chinese manufacturing industry, is being prepared and is expected to be submitted to the State Council in the near future. There is. It has been pointed out that China will lose its ability to generate new wealth unless it shifts to high-value-added manufacturing. Technology, which is supported by the manufacturing is accumulated, but further there is also a view that it is possible to produce an actively carried out if superior products and services to research and development of medium- and long-term, the Xi Jinping administration is aiming exactly That's the direction. As the economy enters the "new normal," China is about to make a major shift through AIIB, "One Belt, One Road," and "Manufacturing Power Strategy." 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