In a couple of weeks, as I write here in South East Asia, we'll be glad to discover more detail on what exactly China has promised the United States in Phase One of their trade deal.
And, as scepticism has grown since it was signed in mid January, it really ought to spell out how Beijing will bring in laws to crack down on intellectual property theft, how a dispute resolution mechanism is to work, and more detail on the $200b spending spree on US goods the Chinese have promised.
In the meanwhile, many are worried about a sense of stagnation in Washington's thinking. Opportunities have been squandered in rebalancing America's trade with China - by building relationships with others.
Specifically, you’d think American companies would be looking elsewhere in Asia for partners : to buy from, and to sell to.
That’s happening, but not nearly at the scale you would think.
China is showing no such hesitation. It’s roping in its near neighbours in South East Asia as never before, and re-inking the map of trade flows - excluding the United States.
It has switched-on investors like Sasha Bernier despairing at his country’s relative absence in a dynamic part of the world, and still its “back yard”.
Sasha is making money for the family behind Cheltenham Enterprises in New York City - by investing in developing but vigorous economies like Vietnam, the Philippines, and Indonesia.
Take a look at the White House description of the TPP here - now gathering dust.
Sasha also advises the Indonesian Consulate in New York about developing relationships with US firms and investors. He told me that, too often, folks back home aren’t reaching out…
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