Not Everyone Agrees That China Is Trading Unfairly

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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?
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Article
China’s Fourth Quarter 2008 Statistical Record
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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.

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