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All the RCEP member economies should combine resource endowments and their comparative advantages, and optimize and harmonize regional trade and economic rules, to better integrate resources and build a high-quality service platform to restore both regional and global economic growth, said Wang Huiyao, president of the Center for China and Globalization, a Beijing think tank, at the RCEP Media and Think Tank Forum held on May 23 in Haikou, Hainan province.

"Member economies of the RCEP pact should also facilitate innovation and integration of regional industries, and upgrade and restructure the industrial and supply chains," he added.