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        <hl1 id="Headline" class="1" style="Headline" MainHead="true">
          <lang class="3" style="Headline" font="Patrika18" fontStyle="Bold" size="15">China to push alternative trade pact at Apec
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          <lang class="3" style="Byline" font="Patrika18" fontStyle="Bold" size="15">AFP, Beijing
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      <p style=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">China will seek to push its own vision of an Asia-Pacific trade pact at a regional summit next week, senior officials said Tuesday, after this month's release of a rival US-led deal that pointedly excludes the Asian giant.
</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Beijing sought to promote the Free Trade Area of the Asia-Pacific (FTAAP) at last year’s Asia-Pacific Economic Cooperation (Apec) summit, which it hosted.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">At the meeting's close, participants endorsed efforts to explore the idea, which was seen as a potential rival to the Trans-Pacific Partnership (TPP), a 12-nation, Washington-led trade coalition that includes the region's largest economies, except China.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Little has been heard of the FTAAP since, while the long-secret text of the TPP was released Thursday, receiving cheers from global business interests and jeers from labour, environmental and health groups, which vowed to fight its ratification.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">The TPP would be the world's biggest free trade area, an attempt to break down barriers to commerce and investment between a dozen countries comprising about 40 percent of the global economy.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">China said it would report the findings of a study on FTAAP at next week’s Apec summit in the Philippines, to be attended by President Xi Jinping.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">"We need to actively work for the establishment of FTAAP," Chinese vice commerce minister Wang Shouwen told a briefing, adding that the trade pact would be "a facilitator for regional integration inApec".</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">If ultimately realised, FTAAP would be the world's largest free trade area, encompassing TPP and other regional frameworks.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Apec's 21 members account for more than 50 percent of global GDP and nearly half of world trade.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Although it gathers some of the world’s most important leaders, the group's annual meeting is a better known for its group photos of powerful people in matching shirts than substantive deals.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">But Wang said China remains hopeful that the group will complete a roadmap for establishing the FTAAP framework.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">"Our objective is to complete the joint strategic study</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">next year and to present operable suggestions and recommendations to the leaders at next year's summit," he said, adding that a progress report would be presented to leaders in Manila.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Vice foreign minister Li Baodong added that it was important to ensure sustainable Asia-Pacific growth so that the region “can continue to play its role as an engine for world economic growth".</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">China has latched onto the FTAAP, first put forward by Apec in 2006, as a hedge against the US-led TPP, a key element of Washington's "Asia pivot".</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Although the United States has said it is open to Chinese participation in the TPP, it has excluded the world's number two economy from negotiations.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">US President Barack Obama has insisted he wants China "to do well" despite simmering tensions between the two powerhouses.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">"The United States welcomes the rise of a prosperous, peaceful and stable China," he said at last year's Apec summit.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">But at home, he has repeatedly used Beijing as a bugbear to scare up cooperation from an intransigent congress to support the deal.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Obama, who strongly pushed the TPP as a foundation for "21st century trade", heralded the pact as a boost to the US economy that would also protect workers and the environment.</lang>
      </p>
      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">But he also said that ratifying the deal "means that America will write the rules of the road in the 21st century" rather than China.</lang>
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