Regional Value Chain Cooperation of High-End Manufac-Turing Industry Between China, Japan and South Korea un-der RCEP

Abstract

The economic contribution of China, Japan and South Korea makes East Asia the fastest growing region in the world,and the economic cooperation between China, Japan and South Korea determines the development of economic integration in East Asia. With the economic and trade cooperation between China, Japan, and South Korea, it has a more important impact on the development of RCEP. Under RCEP, a sound business environment needs to be built so that it can play a more positive role in the economic growth of the China-Japan-ROK region. In the post-epidemic era, the fi eld of industrial cooperation between China, Ja-pan and South Korea has been further expanded. China has opened fast channels with Japan and South Korea and is also assisting each other in epidemic prevention materials and sharing epidemic prevention information, thus establishing a joint prevention and control mechanism and a regionalized supply chain relying on robust geo-relationships. Under the framework of RCEP, we can better expand the areas of industrial chain cooperation among China, Japan, and South Korea in the “post-epidemic era”. Although the relations between China, Japan and South Korea may be aff ected by many factors, there is always a state of cold politics and hot economy in the fi eld of economic and trade cooperation.