| Abstract | The international economic rule system begins to re-construct since the launch of TPP and TTP negotiations. Based upon the GTAP models, we cast evaluation over the economic effects of various China-related FTA schemes and study the Asian-Pacific members' FTA strategies. We find that, with identical standards in trade and investment liberation, China' s gain from the East-Asian(EA) regional FTA schemes will be close to that from joining TPP, while the gains of the other East-Asian members are also mostly from EA. China should try to win power in the international trade & investment rule re-construction, accelerate domestic reform, push forward the Sino-US, Sino-EU investment deals and China-EU FTA negotiations, consolidate cooperation institutions with EA and other BRICS economies, and promote bilateral FTAs with TPP members. |