China loves PTAs

In case you haven’t noticed, China has been relentlessly pursuing preferential trade agreements:

The past five years has witnessed China’s readiness to establish free trade areas (FTAs) with various trade partners, according to sources with the Ministry of Commerce. By far, China has been talking with 27 countries and regions on the establishment of nine FTAs, covering one fourth of China’s total trade, sources with the Ministry of Commerce said. [China Daily]