The APEC summit this weekend confirmed its commitment to continuing with the creation of a broad “Free Trade Area of Asia Pacific”. China will likely want to drive the process to take advantage of more protectionist American trade policies and to boost exports. Panjiva data shows China trade with FTAAP countries fell 8% in September, the sixth monthly decline. A signal of the state of China-U.S. trade relations will come from the Joint Commission meetings this week. Though these are led by the current administration, President-elect Trump’s more aggressive stance may cast a shadow. This ...