US/China battle to influence Asia?

  • Round one goes to China as approx. 50 countries poised to join China-led Asian Infrastructure Investment Bank (AIIB).
  • Round two will be about US proposed Trans-Pacific Partnership (TPP), a 12 country trade deal that excludes China.
  • But progress on TPP has been bumpy - likely it will be watered down & possibly might not even happen - would be very embarrassing for the US.
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