China calm over TPP isolation as it pursues regional deals

The signing of the Trans-Pacific Partnership (TPP) brings together 12 nations that account for about 40% of the global economyA new US-led Pacific trade pact that pointedly excludes China could see it lose influence and key export markets, but observers say the web of bilateral deals Beijing has forged is enough to maintain its global clout. The signing last week of the Trans-Pacific Partnership (TPP) brings together 12 nations that account for about 40 percent of the global economy and would mark the biggest liberalisation of world trade in more than a decade. Beijing’s commerce ministry this week called it “important” and said China is “open to any mechanism that follows the rules of the World Trade Organization and can boost the economic integration of the Asia-Pacific”.

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