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China Touts Its Own Trade Pact as U.S.-Backed One Withers

Nations begin to coalesce around China-led trade group after Trump reiterates plan to withdraw from TPP

China is moving swiftly to capitalize in Asia on the apparent collapse of a landmark U.S.-backed Pacific trade agreement, saying it hopes now to conclude its own Asia-wide trade pact in a step to broaden its influence as priorities shift under a new administration in Washington.

Asian leaders are pressing ahead with talks on the 16-nation...

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