Regional Integration Is Beneficial, As Article

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China is in a position where its economic miracle has been created through an economy of its own design. Many APEC nations, however, operate with completely different economic philosophies. China should not be compelled to bend to the will of these nations, yet within the framework of multilateral negotiation this might be the case. China has a number of issues on which it is determined not to bend to the will of the West, but entering into a group like APEC opens the door for other nations to have leverage over China's internal policy.

Another issue that has been identified is that of political stability. Stable nations such as China would be subject to potential unstable nations causing a disruption of the bloc. For example, the events taking place in Greece, Ireland and other small nations threaten the European trading bloc. These weak nations do not have incentive to perform better, because they know that they will be bailed out of trouble by the larger, stronger nations within the bloc. In APEC, this means China.

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There is no reason that China should put itself in a position to bail out fiscally irresponsible nations.

Lastly, regional integration fosters trade diversion. By creating incentives to trade within the bloc, trade with outside nations may be weakened. This could create economic inefficiency, by favoring a weaker producer within the bloc at the expense of a stronger player from outside the bloc. This regionalism runs counter to the underlying arguments in favor of regionalism -- if the doctrine is self-contradictory, why would China want to pursue it?

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