While recent attention has focused on direct U.S.-China trade tensions, the more subtle but potentially more significant long-term strategic trade competition in the Asia-Pacific continues. Aside from deepening economic cooperation resulting from its Belt and Road Initiative (BRI), China has concluded and extended a number of important regional trade agreements in the last two decades. Both these developments, along with the U.S. withdrawal from the Trans-Pacific Partnership (TPP), have been widely interpreted as indicating China’s growing regional influence. Crucially, however, the ways in which the design of China’s regional trade agreements may serve to buttress its regional position have not been fully appreciated.
Source: Strategic Study India
Click to read article at Source Expanding Influence: China’s Evolving Trade Agreements in the Asia-Pacific