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Andy Xie: China Better Open Up Its Economy Fast, Else An Obama Trade War Will Crush It Vincent Fernando | Feb. 10, 2010, 5:12 AM | 531 | comment 4 Andy Xie issues a stark warning for China in a latest Caing opinion piece. Essentially, America's major hope for recovery and job growth right now lies in growing its exports since the Fed can't slash rates much lower, and American government is completely grid-locked by politics (thus can't do much for the domestic economy). Thus he expects an increasingly aggressive stance from the Obama administration on U.S. - China trade....

The Hong Kong dollar and interest rates softened on Thursday, as liquidity released by the territory’s currency board over the past week at last had its intended effect. The territory’s currency weakened to HK$7.7567 against the greenback by 15:00 GMT on Thursday. On Wednesday, it was standing at HK$7.7498 to the US dollar, just before the Hong Kong Monetary Authority bought US dollars to defend the currency’s trading band. Meanwhile, the three-month Hong Kong dollar interbank rates, helped along by the US Federal Reserve’s 25 basis point cut on Wednesday, fell from 4.67 per cent to 4.28 per cent. Until...