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China looks to seize Asian trade leadership after Republicans sweep US
CHINA quickly positioned itself as free trade champion at an Asia-Pacific summit over the weekend as US-led Pacific Rim trade pact languished in the face of a hostile Republican sweep in Congress, the White House and state legislatures.
Beijing aims to capitalise on the Republican hostility to the Trans-Pacific Partnership (TPP), with President Xi Jinping selling alternate vision for regional trade at the Asia-Pacific Economic Cooperation (APEC) meeting in Peru.
"If the US gives up its leadership here, of course China will take the role," said Tu Xinquan, a trade expert at Beijing's University of International Business and Economics, who has advised China's government on trade issues, Reuters reported.
Beijing aims to capitalise on the Republican hostility to the Trans-Pacific Partnership (TPP), with President Xi Jinping selling alternate vision for regional trade at the Asia-Pacific Economic Cooperation (APEC) meeting in Peru.
"If the US gives up its leadership here, of course China will take the role," said Tu Xinquan, a trade expert at Beijing's University of International Business and Economics, who has advised China's government on trade issues, Reuters reported.
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