China pushes Asia-Pacific trade deals as Trump win dashes TPP hopes

China's President Xi Jinping waves as he arrives at a news conference after the closing of G20 Summit in Hangzhounews65s56f56sfChina will seek support for a Beijing-led Asia-Pacific free trade area at a regional summit in Peru later this month, Chinese officials said on 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 inauguration in January.