By Parkland Chair Professor of Strategy Seung Ho Park & Shaomin Li

The recently announced agreement on the Trans-Pacific Partnership (TPP) has caused great concern and debate about its impact on China. The dominant view, including the official reaction, is that China’s exports will be negatively affected by the TPP since its members enjoy low tariffs among themselves. The loss in exports, in turn, will threaten China’s position as the world’s largest manufacturing base. Some also think the TPP is a U.S.-led conspiracy to “kick China’s butt”, as its Chinese pronunciation sounds like a phrase that roughly translates to “kicking butt.”

These views are quite misleading. Read more on Forbes.com