U.S. President Joe Biden often talks about leading the world. But if sanctions are what he meant, and if abusing the national security exception against WTO members is the means, the global economic system would be better off without America.

Asia’s RCEP - a China-led trade agreement - could set up a stable future for the continent despite today’s conflicts. Here’s how RCEP is re-shaping Asia’s destiny.

The globe got a great deal in December 2001. China has fulfilled all its commitments and continues to support and protect the organization. It is a model of success and an inspiration for others, especially in the developing world.

Twenty years after China joined the international trade organization, the world can plainly see its positive influence. In two decades it has not only met or exceeded all its commitments but has also become a major economic contributor. Nowadays, it is no longer just following rules but is actively engaged in shaping them.

Biden’s approach is clearly intended to protect the narrow interests of the United States, not to help other member states or to strengthen the organization overall. His announcement that “America is back” doesn’t mean the U.S. will return to its previous multilateral posture.

The 20th anniversary of China’s accession to the World Trade Organization on December 11 has once again highlighted long-standing debates about how well China has lived up to its WTO obligations, and whether any deviation from its commitments boosts or slows its economic growth. This discussion affects many countries’ views on whether the current global trading system should be built up or pulled down.

China’s joining the free trade agreement would provide a powerful economic boost to the Asia-Pacific region and the world. It should be cheered on, but Washington — obsessed with containing China — may yet block its bid.

The only correct and feasible way to manage bilateral trade and competition is to apply WTO rules. China and the United States should list each other’s concerns and find solutions compatible with WTO rules on subsidies, policies and national safety. it’s the only way to sustain a durable coexistence.

If the United States is going to complain about China’s transparency and handling of WHO experts, it should be willing to open its own biolabs around the world to scrutiny. Solving this mystery is an urgent task for all mankind.

China and the U.S. worked together for years to overcame obstacles to make China's accession to WTO possible in 2001, bringing huge benefits to both countries.