Free Trade

Chinese Media: China-Led Trade Bloc Will ‘End U.S. Hegemony’

Chinese state media spent the weekend celebrating the announcement of a massive trade deal with 14 other Asia-Pacific nations — including key U.S. allies like Japan, South Korea, and Australia, but not the United States itself — as the “end of U.S. hegemony in the West Pacific.”

A US and a Chinese flag wave outside a commercial building in Beijing, 09 July 2007. US Secretary of State Condoleezza Rice 06 July 2007 accused China of flouting the rules of global trade in its headlong economic expansion as the US administration "has not been hesitant" to deploy trade …