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China presses for trade deal to rival TPP

With President Barack Obama stuck in Washington last week Li Keqiang, China’s premier, used his absence to urge leaders at the East Asia Summit to conclude a regional trade deal that rivals the US-led Trans-Pacific Partnership.

“Many East Asian countries use chopsticks. Anyone who uses chopsticks knows it is very hard to eat with one, and that you need a pair. And if you bundle chopsticks together, they are hard to break,” said Mr Li, who added that China would strive to complete the so-called Regional Comprehensive Economic Partnership by 2015.

Some experts say the failure to attend by Mr Obama – who also missed the Asia-Pacific Economic Co-operation summit in Indonesia – gave the RCEP negotiations a boost over the TPP.

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