Asian countries are embracing free trade as the U.S. backs away, with Singapore, Malaysia and Vietnam all publicly announcing their intention to pursue the Regional Comprehensive Economic Partnership (RCEP), the China-led alternative to the apparently dead Trans-Pacific Partnership (TPP). Though Trump has promised bilateral agreements and countries like New Zealand appear interested, China’s foreign ministry aims to “achieve early results” with the RCEP.
Government infrastructure spending and property sales help with China’s economic rebound in August
China's economy improved in August after several months of uneven performance. In August, industrial output rose 6.3 percent and retail sales grew 10.6 percent. Investment in buildings and other fixed assets outside rural households rose 8.1 percent in the first eight months of 2016.
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