Dissolving TPP will give an upper hand to China's RCEP

China says it will actively participate in bilateral and multilateral trade deals, with the goal of deepening reform and opening up its economy, regardless of the direction the Trans Pacific Partnership (TPP) or the China-backed Regional Comprehensive Economic Partnership (RCEP) might take. The statement follows US President-elect Donald Trump saying he would withdraw the United States from the multi-country TPP that excludes China, putting RCEP — as the front-runner for new free trade deals in the region. Here is the look at the member countries of both the trade deals: