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research paper download But as the group attempts to forge a new economic path forward, it was telling that few looked to the U.S. for guidance or advice. Host country Indonesia hasnât yet signed onto the TPP, as officials hedge bets on a rival trade agreement, but finance minister Chatib Basri eagerly his angled his vision for future prosperity northward toward the Middle Kingdom instead of across the Pacific. âChina is very important for Southeast Asia,â he said, âIf we open it up [with free trade deals] it will be very beneficial for many Southeast Asian countries.â Oleg Deripaska, supervisory board chairman of the Russiaâs Basic Element Company, similarly fawned over Beijingâs paramount regional role. âThe more stable China is, the more stable the Asia-Pacific,â he said, outlining significant benefits for neighbors to the worldâs second largest economy.
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