China opts for more free trade

BEIJING: Just as the US throws up new barriers to cross-border commerce, its largest trading partner China is redoubling its efforts to seal free-trade agreements.
From deals with blocs including the Association of Southeast Asian Nations to bilaterals with tiny countries like Maldives. China’s Foreign Trade Agreements (FTA) already cover 21 countries.
That compares with the 20 countries covered by US agreements.
More than a dozen additional pacts are being negotiated or studied, according to the Ministry of Commerce.
While President Donald Trump this week imposed tariffs on solar panels and washing machines, underscoring his America first outlook, China is hoping for a “bumper year” for new trade deals, according to the commerce ministry.
– Bloomberg