Chinese officials have recently proposed their economy as the best replacement opportunity for the U.S. as it withdraws from TPP.
"China will not shut the door to the outside world but will open it even wider," President Xi Jinping of China told business leaders at an Asian-Pacific summit last weekend, the Financial Times reported.
"I hope the two sides will work together to focus on co-operation, manage our differences, and make sure there is a smooth transition in the relationship and that it will continue to grow," he added regarding the future relationship with the U.S.
According to Stephen Orlins, from the National Committee on United States-China Relations, it is easy to see how a trade deal with China could be an option for President-elect Donald Trump.
"I think what happens is bilateral negotiations between the United States and China," Orlins told CNBC.
He added that the potential appointment of Wilbur Ross "who is an investor in the steel industry" as secretary of commerce, would make steel "a very important part of U.S. China negotiations on the trade level."