lima, peru<u+2014>leaders of pacific rim nations meeting in peru said saturday they would move forward with trade deals amid uncertainty about u.s. policies under president-elect donald trump. in a speech at the asia-pacific economic cooperation, which accounts for about half of global trade, chinese president xi jinping said his government would support a free trade area of the asia-pacific and was pushing forward with the regional comprehensive economic partnership, a trade pact that includes 16 countries. in the next five years, china will import $8 trillion of goods and invest $750 billion abroad, he said. <u+201c>china will not shut its door to the outside<u+2026>but open even wider,<u+201d> mr. xi said. <u+201c>we will fully involve ourselves in economic globalization.<u+201d> <u+201c>we will also encourage more chinese companies to go abroad,<u+201d> he said. china, the world<u+2019>s second-biggest economy after the u.s., could take on a greater role in global trade if mr. trump<u+2019>s administration pulls out of u.s.-led accords, analysts say. some countries involved in the trans-pacific partnership say they are now open to joining the chinese-led rcep, which includes india and australia, as an alternative pact following uncertainty in the u.s. the tpp includes 12 countries, such as chile, japan, mexico and peru, but excludes china. mr. trump has pledged to pull the u.s. out of the tpp , which was strongly promoted by president barack obama, who arrived in peru late friday for the apec summit. prime minister john key of new zealand, which is also a member of tpp, said countries would need to decide if they move forward without the u.s. if mr. trump follows through on his campaign promise to exit from the deal or sit down and renegotiate a new accord. <u+201c>there is a lot at stake with tpp,<u+201d> mr. key said. <u+201c>economic integration across the region is important and it has worked.<u+201d> mr. trump<u+2019>s criticism of trade during the campaign also extended to the north american free trade agreement with canada and mexico. he has called for renegotiating that deal to bring back american manufacturing jobs more than 20 years after it was implemented. mexican president enrique pe<u+00f1>a nieto said saturday he was optimistic his administration could reach a deal with mr. trump. <u+201c>more than just talking about renegotiating nafta, it is modernizing nafta,<u+201d> he said. <u+201c>we have great opportunities in this new stage.<u+201d> write to ryan dube at ryan.dube@dowjones.com
china<u+2019>s president says government will continue working on trade pacts - wsj
ryan dube