Article
Dr. Albert Keidel
{
"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"
]
}
REQUIRED IMAGE
In The Media
Not Everyone Agrees That China Is Trading Unfairly
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.
- As China's Exports Drop, Can Domestic Demand Drive Growth?
- China’s Fourth Quarter 2008 Statistical RecordArticle
Dr. Albert Keidel
Recent Work
More Work from Carnegie Endowment for International Peace
- The Iran War Is Making America Less SafeCommentary
A conflict launched in the name of American security is producing the opposite effect.
Sarah Yerkes
- Europe Is Falling Behind in General-Purpose Robotics. Here’s What It Can Do to Catch Up.Commentary
The continent needs to improve conditions for production of complete AI robotic systems and preserve its edge in hardware.
Pavlo Zvenyhorodskyi
- Europe’s New Industrial Policy Can Learn From U.S. MistakesCommentary
Although the IAA often differs from the IRA, European policymakers can still take note of the U.S. act’s shortcomings.
Milo McBride
- What the Russian Energy Sector Stands to Gain From War in the Middle EastCommentary
The future trajectory of the U.S.-Iran war remains uncertain, but its impact on global energy trade flows and ties will be far-reaching. Moscow is likely to become a key beneficiary of these changes; the crisis in the Gulf also strengthens Russia’s hand in its relationships with China and India, where advantages might prove more durable.
Sergey Vakulenko
- Beyond Oil: Hormuz Closure Puts Russia in the Lead in the Fertilizer MarketCommentary
The Kremlin expects to not only profit from rising fertilizer prices but also exact revenge for the collapse of the 2023 grain deal.
Alexandra Prokopenko
