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China Sees Chance to Form Its Own Free Trade Area

China will seek support for a Beijing-led Asia-Pacific free trade area at a regional summit in Peru later this month, Chinese officials said Thursday, after Donald Trump’s U.S. election win dashed hopes for a U.S.-led free trade pact. During his election campaign Trump took a protectionist stance on trade issues and labeled the Trans-Pacific Partnership (TPP) championed by President Barack Obama a “disaster.” There is now little chance of it coming up for vote in Washington before his...

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