A sign of weakness in dictatorships.
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One thing China and Russia have in common, however, is that both are currently running very large trade surpluses. Are these surpluses signs of strength? Are they evidence that autocracy works?
No, in both cases the surpluses are signs of weakness. And the current situation offers a useful corrective to the common notion — favored, among others, by Donald Trump — that a country that sells more than it buys is somehow a “winner.”
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