Putting aside economic issues. What are the requirements for China to be accepted into CPTPP? Does it need unanimous approval by all of its members?We already had discussions on China joining TPP before.
Because of China's sheer size, many Chinese companies are already world-class because of domestic competition.
So Chinese companies will likely expand heavily into overseas markets.
If yes, then Japan and Australia would be a problem. Maybe for Japan, its businesses will push for it, but for Australia I dont think so