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Stephen Roach Warns of Disaster From Our 'Sinophobic' China Policy
Odd Lots
Strategic Self-reliance and Economic Realities
Every nation desires independence from strategic reliance on other nations, especially those with different ideologies or engaging in controversial activities. Achieving strategic self-reliance entails boosting domestic production, reducing trade deficits, and saving more at home. Despite efforts to reduce reliance on China, the overall trade deficit has increased significantly, showing that the numbers do not align with the goal of complete self-sufficiency.
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