China cautiously welcomes Trans-Pacific free trade deal

China has cautiously welcomed a free trade deal struck between 12 Pacific Rim countries, the biggest in decades.
The US-led Trans-Pacific Partnership (TPP) cuts trade tariffs and sets common standards in member countries including Japan and the US.
China said it was “open to any mechanism” that follows World Trade Organization rules.
But it did not indicate it would join the TPP, which still needs to be ratified by lawmakers in each country.
China, which was not part of the negotiations, has announced its own rival trade agreement.

 

Read More: China cautiously welcomes Trans-Pacific free trade deal – BBC News