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Beijing 'looking into joining trans-Pacific trade pact' to hedge against US

2018-10-12 09:25:24       source:The South China Morning Post

October 11, 2018

Beijing is looking into joining a trans-Pacific trade deal that it was previously shut out of by the US amid mounting pressure from the trade war, according to a source close to the Chinese government.

China could hedge against US President Donald Trump’s protectionist “America first” strategy and boost its role in free trade by joining the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), observers said.

So far China has not publicly expressed any interest in joining the pact and it did not apply for membership of the previous TPP deal – which Trump has pulled the US out of – calling it too complex.

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