, Columnist
Biden Risks Ceding Asia's Digital Oil to China
It’s all about data. The U.S. needs to get back into the Trans-Pacific Partnership, or watch Beijing make the rules.
The stakes are different since this meeting in California eight years ago.
Photographer: Bloomberg
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Now that Asia has stitched together the world’s biggest trading bloc, U.S. financial and tech firms ought to be more than a little worried.
The Regional Comprehensive Economic Partnership, or RCEP, will bind the 10 economies of Southeast Asia with China, Japan, South Korea, Australia and New Zealand, creating a prototype of what my colleague David Fickling describes as “a sort of Pax Sinica,” a Beijing-led global order.