Dust had barely settled on the American presidential election when 16Asian leaders signed a trade deal encompassing a third of the world’s population in an area that accounts for 30 per cent of the global economic output.
Although promoted as a pan-Asian initiative, the Regional Comprehensive Economic Partnership (RCEP) is regarded as being Beijing-led. With America’s strategic allies such as Japan, South Korea and Australia signing up, many see it as evidence of China’s rise against the United States’ waning influence. […]
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