Not Everyone Agrees That China Is Trading Unfairly

{
  "authors": [
    "Albert Keidel"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace"
  ],
  "collections": [],
  "englishNewsletterAll": "asia",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Endowment for International Peace",
  "programAffiliation": "AP",
  "programs": [
    "Asia"
  ],
  "projects": [],
  "regions": [
    "China"
  ],
  "topics": [
    "Economy",
    "Trade",
    "Military"
  ]
}

In The Media

Not Everyone Agrees That China Is Trading Unfairly

By Dr. Albert Keidel

Published on Apr 18, 2005

Source: Financial Times

Letter to the Editor

Sir, I was pleased to be interviewed for your article "A Dollar Dilemma," but I was disappointed to see that both it and the accompanying piece, "The Clock Ticks in Washington as Friends Drift Away," left the reader with an impression that everyone agrees that China is not practicing fair trade. In fact, like myself and a number of internationally more prominent economists, the World Bank, the International Monetary Fund, and the U.S. Treasury all agree that China's exchange rate does not provide an unfair trade advantage.

The piece relies heavily on quotes from U.S. Congressional sponsors of China sanctions legislation who are understandably concerned about the appearance that China has cost their constituents jobs and profits. It neglects differing views from other reputable sources outside China.

Albert Keidel, Senior Associate, Carnegie Endowment for International Peace

About the Author

Dr. Albert Keidel

Former Senior Associate, China Program

Keidel served as acting director and deputy director for the Office of East Asian Nations at the U.S. Department of the Treasury. Before joining Treasury in 2001, he covered economic trends, system reforms, poverty, and country risk as a senior economist in the World Bank office in Beijing.

Recent Work

Article
As China's Exports Drop, Can Domestic Demand Drive Growth?
- Dr. Albert Keidel
Article
China’s Fourth Quarter 2008 Statistical Record
- Dr. Albert Keidel

Economy Trade Military China

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie Europe

Commentary
Strategic Europe
Taking the Pulse: Is Canada Leading a Third Way?
Canadian Prime Minister Mark Carney has twice inspired praise for standing up to U.S. President Donald Trump: at the 2026 World Economic Forum in Davos and on Canada-U.S. trade negotiations. Is Carney showing a third way better than the EU has in dealing with the Trump administration?
Rym Momtaz, ed.
Article
Europe’s Overseas Countries and Territories as Geopolitical Assets
European states control several Overseas Countries and Territories around the world that carry strategic, economic, and environmental weight. As great powers challenge the rules-based order, defending them is a geopolitical imperative for Europe.
Marc Pierini
Paper
Assessing Information Ecosystems: How Governments Can Get Ahead of Hybrid Threats
The hybrid warfare landscape is evolving rapidly, leaving policymakers without clear strategies. To better inform their work in addressing emerging challenges, governments must dig deeper into the underlying dynamics at play.
Raluca Csernatoni, Alicia Wanless
Commentary
How NATO Became Anchored in the Black Sea
As Russia's war on Ukraine drags on, NATO is expanding its footprint in the Black Sea. Turkey, Romania, and Bulgaria are upgrading their fleets and deepening trilateral cooperation.
Dimitar Bechev
Article
Managing Montreux: Turkey and the Russia-Ukraine War in the Black Sea
For ninety years, Turkey has been positioned as the principal gatekeeper of Black Sea security. As a result, European and NATO efforts to support Ukraine will require closer engagement with Ankara.
Thomas de Waal

More Work from Carnegie Europe

Commentary

Strategic Europe

Taking the Pulse: Is Canada Leading a Third Way?

Canadian Prime Minister Mark Carney has twice inspired praise for standing up to U.S. President Donald Trump: at the 2026 World Economic Forum in Davos and on Canada-U.S. trade negotiations. Is Carney showing a third way better than the EU has in dealing with the Trump administration?

Rym Momtaz, ed.

Article

Europe’s Overseas Countries and Territories as Geopolitical Assets

European states control several Overseas Countries and Territories around the world that carry strategic, economic, and environmental weight. As great powers challenge the rules-based order, defending them is a geopolitical imperative for Europe.

Marc Pierini

Paper

Assessing Information Ecosystems: How Governments Can Get Ahead of Hybrid Threats

The hybrid warfare landscape is evolving rapidly, leaving policymakers without clear strategies. To better inform their work in addressing emerging challenges, governments must dig deeper into the underlying dynamics at play.

Raluca Csernatoni, Alicia Wanless

Commentary

How NATO Became Anchored in the Black Sea

As Russia's war on Ukraine drags on, NATO is expanding its footprint in the Black Sea. Turkey, Romania, and Bulgaria are upgrading their fleets and deepening trilateral cooperation.

Dimitar Bechev

Turkey ship Istanbul Bosporus Straits Black Sea

Article

Managing Montreux: Turkey and the Russia-Ukraine War in the Black Sea

For ninety years, Turkey has been positioned as the principal gatekeeper of Black Sea security. As a result, European and NATO efforts to support Ukraine will require closer engagement with Ankara.

Thomas de Waal