Who’s Afraid of Chinese Surpluses?
China’s unprecedented surge in trade surpluses, reaching historic highs in the past year with continued export growth, has ignited a vigorous debate among economists and policymakers worldwide. The sheer magnitude…
China’s Surpluses: An Enrich-Thy-Neighbor Scenario in a Full-Capacity Global Economy
August 10, 2026 By Dani Rodrik When major economies are running at near full capacity, it is not clear that trade deficits should be a cause for concern, since they…
