http://blogs.wsj.com/economics/2013/09/19/chinas-trade-policies-get-a-bum-rap/

• September 19, 2013,

China’s Trade Policies Get a Bum Rap

By Bob Davis

For years, China has been the subject of global criticism for what’s seen as a warped trade and exchange-rate policy that produces big current account surpluses at the expense of others. Trade surpluses in China, the argument go, produces job losses in the U.S. and elsewhere.
Germany, another big trade surplus country, often gets a pass. That’s because Germany’s trade surplus is seen as the reward for smart policies and frugality.