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Dani Rodrik: Is China really a mercantilist economic power? Let’s not jump to conclusions

China’s trade surpluses are not "beggar-thy-neighbour" in today's economy, unlike the Depression. While impacts on manufacturing and financial stability exist, they don't mean China's growth is at others' expense. Countries worried should deploy their own industrial policies, mirroring China’s strategic approach. The article also highlights China's significant global benefits from its renewable energy initiatives. Affected nations must implement proactive domestic responses, rather than solely expecting China's adjustments, to manage economic equilibrium effectively.

LiveMint · Dani Rodrik · Aug 13, 2026 at 8:30 AM

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