The Washington Post reports: "President Donald Trump's decision to cancel a Pacific rim trade deal was greeted as a sign of a U.S. retreat from Asia and a boon for China, which hadn't been included in it. The Chinese government — a longtime critic of the Trans-Pacific Partnership — opted not to gloat, however, instead signaling Tuesday a cautious approach to the new U.S. administration and concern for what comes next. While the U.S. withdrawal from the treaty could boost China's role in the Pacific, Beijing is more preoccupied by what else the Trump administration may have planned for the region. As a candidate, Trump made China and trade regular talking points. He vowed, among other things, to scrap the TPP, list China as a currency manipulator and slap an eye-popping 45 percent tariff on imported Chinese goods. The TPP deal was all-but-dead by Monday, but the other threats still stand — and that is what's bothering Beijing. 'It could be counted as good news for China that the pressure of TPP is now gone,' said Tu Xinquan, an trade expert at Beijing's University of International Business and Economics. 'However, there is great uncertainty as to whether China stands to benefit.' "
The Wall Street Journal comments: "Just a few months ago, the notion of China as the savior of international order would have struck most as fanciful, even absurd. Yet President Xi Jinping's debut at Davos last week amounted to an attempt to seize at least a portion of that mantle. Decrying protectionism and defending globalization, Mr. Xi made the case for a more prominent Chinese role in global economic leadership. By most accounts, his remarks were well-received by the elite audience, many of whom are struggling with populist opposition to key features of the global order. International politics abhors a vacuum, and it is into the breach left by the U.S. that Mr. Xi is directing his efforts...China stands to benefit from any American retreat from the world.As it has risen, Beijing has embraced some global rules and institutions. China was a founding member of the International Monetary Fund and the World Bank, and has played an increasingly active role on the United Nations Security Council. It is party to the global nonproliferation regime and has participated in multilateral efforts to address climate change and Iran's nuclear program. Yet there's no small irony in the portrayal of China as a bastion of economic openness, let alone a pillar of the noneconomic elements of the liberal order. Closer to home, it has looked less to support existing rules than to upend them."
Reuters reports: "China said on Tuesday it had 'irrefutable' sovereignty over disputed islands in the South China Sea after the White House vowed to defend 'international territories' in the strategic waterway.White House spokesman Sean Spicer in his comments on Monday signaled a sharp departure from years of cautious U.S. handling of China's assertive pursuit of territorial claims in Asia. 'The U.S. is going to make sure that we protect our interests there,' Spicer said when asked if Trump agreed with comments by his secretary of state nominee, Rex Tillerson. On Jan. 11, Tillerson said China should not be allowed access to islands it has built in the contested South China Sea. 'It's a question of if those islands are in fact in international waters and not part of China proper, then yeah, we're going to make sure that we defend international territories from being taken over by one country,' Spicer said.Chinese Foreign Ministry spokeswoman Hua Chunying told a regular news briefing on Tuesday 'the United States is not a party to the South China Sea dispute'...Tillerson's remarks at his Senate confirmation hearing prompted Chinese state media to say at the time that the United States would need to 'wage war' to bar China's access to the islands, where it has built military-length air strips and installed weapons systems.Tillerson was asked at the hearing whether he supported a more aggressive posture toward China and said: 'We're going to have to send China a clear signal that, first, the island-building stops and, second, your access to those islands also is not going to be allowed.' The former Exxon Mobil Corp (XOM.N) chairman and chief executive did not elaborate on what might be done to deny China access to the islands."