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China injects more stimulus into its trade war-addled economy, freeing up $126 billion for loans

Business Insider Friday, 6 September 2019 ()
China injects more stimulus into its trade war-addled economy, freeing up $126 billion for loans· *China's central bank is moving to support the country's slowing economy through a new stimulus package as the trade war continues to escalate with the latest round of tariffs. *
· *The People's Bank of China said it plans to slash how much capital banks are required to hold as reserves to the lowest level since 2007 in an...
Credit: Wochit Business - Published < > Embed
News video: US Exports To China Dropped 22% In August

US Exports To China Dropped 22% In August 00:34

According to Business Insider, China's exports to America plunged 16% to $44.4 billion in August. It was a sharp acceleration from their 6.5% drop in July. President Donald Trump's trade war and its associated tariffs sapped demand for Chinese goods in their biggest foreign market. Chinese imports of...

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