US ousted by China in TPP replacement?

The Trans-Pacific Partnership (TPP) trade agreement, which many had said had "troubling" provisions pushed through by the United States government (not least "draconian" US based copyright laws - but no fair use) may have died a death. This is not because of the likes of Gizmodo alerting the world to the TPP as “the biggest global threat to the Internet since ACTA” but, according to the Times newspaper, because a number of the ten countries, including Australia, who were set to sign the US Trade Agreement are now planning a new free trade agreement with China which the Chinese president Xi Jinpong said "is a historic step in the direction of an Asia-Pacific free trade area".