Many Chinese commentators couldn't hide their elation at the announcement by US President-elect Donald Trump that the very first executive action his administration would take is to withdraw from the Trans-Pacific Partnership Agreement, or TPP.

After all, it was seen as a downright insult that an alleged pan-Pacific business deal could exclude China, one of the largest global trading powers and perhaps today's greatest contributor to the overall economic growth of the world.

And the TPP is more of a political weapon than a real business deal, as the Barack Obama administration openly announced, it is intended to prevent China from writing future trade rules.