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China's and Taiwan's dueling bids spell big opportunity for CPTPP

By luring back U.S., bloc could deal from position of multilateral strength

Chinese President Xi Jinping, Taiwanese President Tsai Ing-wen and U.S. President Joe Biden. (Source photos by Reuters)

BANGKOK -- China's and Taiwan's applications to participate in the Trans-Pacific Partnership agreement -- which came six days apart in September -- stirred up waves in the Taiwan Strait and sent ripples across much wider oceans.

Beijing, which insists Taiwan is a part of "one China," is "absolutely opposed to any country officially engaging in talks with Taiwan," Chinese Foreign Ministry spokesman Zhao Lijian said.

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