China is pouring more cash into its flagging economy as it braces for further pain from the trade war with the United States.
The Chinese economy has lost momentum this year following government efforts to try to rein in high levels of debt. It's also coming under pressure from US tariffs on more than $250 billion of Chinese exports. "The economy clearly needs the support" said Wei Yao, a China economist at investment bank Societe Generale, in a note to clients Monday. She predicted a further slowdown in the coming quarters.