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  "authors": [
    "Albert Keidel"
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In The Media

Not Everyone Agrees That China Is Trading Unfairly

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By Dr. Albert Keidel
Published on Apr 18, 2005
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The Asia Program in Washington studies disruptive security, governance, and technological risks that threaten peace, growth, and opportunity in the Asia-Pacific region, including a focus on China, Japan, and the Korean peninsula.

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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

Dr. Albert Keidel
Former Senior Associate, China Program
Albert Keidel
EconomyTradeMilitaryChina

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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