China may find itself up against an alliance of the West (US, EU, Australasia and dear old Blighty) India, Japan and ASEAN. China has been bullying its neighbours and fighting totally pointless border wars with India as well as trying to dominate the whole of the South China Sea.
I don't think this Xi Jinping character is very clever. China may be overreaching itself and making unnecessary enemies.
Japan ratifies massive free trade deal involving China, South Korea and ASEAN
Jun 25, 2021
Japan ratified on Friday the Regional Comprehensive Economic Partnership, a massive trade agreement also involving China, Australia and the Association of Southeast Asian Nations, the Foreign Ministry said.
Tokyo deposited its ratification instrument with the ASEAN Secretariat, making it the third member to do so toward the possible enforcement of the 15-nation RCEP by the end of the year.
The ASEAN Secretariat processes operating procedures on behalf of the pact whose members account for about 30% of the world’s output, trade and population.
The Cabinet approved the accord Friday, completing Tokyo’s necessary domestic procedures for the ratification. It will be Japan’s first trade deal involving both China and South Korea — its largest and third-largest trade partners.