If the Trans-Pacific Partnership fails to win ratification, China could push its own trade deals that cover the Asia-Pacific region.
(MONEY SHARMA/AFP/Getty Images)
The fate of the Trans-Pacific Partnership (TPP) is growing less certain by the day, and China, whose rise the U.S.-led trade deal is meant to contain, is seizing the opportunity to promote its own alternatives. Its failure is by no means guaranteed, but if the deal does falter -- as current anti-trade sentiment in the United States suggests it might -- Beijing will be ready to offer up two replacements. The replacements, as it happens, would be helmed by none other than China, which hopes to create a model for future economic cooperation in the Asia-Pacific....
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