Er, no.
In this context, the Chinese word 'qi', also written as 'chi', is pronounced 'chee'.
The Japanese equivalent of qi is 'ki', pronounced 'key', though.
Or maybe you're thinking of the Greek letter Chi, which is pronounced 'kai'.
(
Happosai _,,,,_(O ; o)_,,,,
Wed 11 Jan 2012, 19:00,
archived)