The Impact of the Indo-Pacific Economic Framework on China and Its Response

Abstract

The "Indo Pacific Economic Framework" (IPEF) is the economic pillar established by the Biden government for the "Indo Pacific Strategy. It aims to complement the weaknesses of the U.S. economic strategy in the Indo Pacific region, strengthen ties with other countries, and has a clear tendency of anti Chinese, aiming to create a "new economic order in Indo Pacific" that excludes China. Due to various constraints, the effectiveness of the Indo Pacific economic framework has yet to be evaluated. By examining the main contents of the current IPEF, this paper compares it with other existing regional free trade agreements (FTA), analyzes the impact of IPEF on the political and economic situation of the entire Indo Pacific region, and discusses how China can better respond to the "containment" of IPEF and minimize the negative impact.