China Seeks to Seal Regional Trade Deal as TPP Falters

(Beijing) — China said it will try to conclude soon a 16-nation trade pact to deepen ties with its Asian neighbors, an announcement that follows U.S. President-elect Donald Trump's announcement that his administration will back out of the multilateral Trans-Pacific Partnership (TPP).

Asian leaders are pressing ahead with talks on the Regional Comprehensive Economic Partnership (RCEP) trade deal, Commerce Ministry spokesman Shen Danyang said during a news briefing Thursday.