TPP to spur more US-China economic competition in East Asia


Yi Yong-in and Seong Yeon-cheol


The Hankyoreh


October 7, 2015 


The Trans-Pacific Partnership (TPP), a trade agreement largely led by the United States, was finalized on Oct. 5, and is expected to fuel the competition between China and the US for economic ground in East Asia. That’s because the TPP is essentially the rival to the Asian Infrastructure Investment Bank (AIIB), an initiative for an international financial institution initiated by China.