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The surpluses are nearly gone.
Of course, surpluses are better than deficits.
Surpluses are not quite as common.
First, the projected surpluses are not guaranteed.
As a result, the country's external surpluses are rising.
The surpluses are determined before any interest or debt payments.
Furthermore, the projected surpluses are both small and uncertain.
But China's surpluses are likely to become greater than the US deficits.
Thus trade surpluses are said to "deteriorate" (or trade deficits to "improve") when they shrink.
Asia's large trade surpluses are popularly seen as a sign of renewed economic vigour.
Surpluses are long gone: last year the EU undershot its milk quotas by about 2m tonnes.
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CEO of Professional Science Editing for Scientists @ prosciediting.com