Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn’t retract planned countermeasures, as markets brace for further volatility
Several Chinese state holding companies have vowed to increase share investment as Beijing steps up efforts to stabilise a plunging stock market.
Tuesday’s announcements by China Chengtong Holdings Group and China Reform Holdings Corp came after Chinese state fund Central Huijin said on Monday it would increase share holdings to foster stability in markets, Reuters reports.