Talks this week to develop the Regional Comprehensive Economic Partnership should be seen in the context of China’s broader push to lead trade deals in the Asia-Pacific region. This contrasts with the new U.S. administration’s bilateral approach. Yet, there are economic reasons for China to promote more trade with the RCEP partners. Panjiva data shows China’s total trade with the group fell 5% in the three months to October 31, whereas its global trade increased 9% over the same period.