China's state-backed 'National Team' may rescue stocks from trade war woes

Reuters The "National Team" is a group of institutional investors that was formed after a sharp Shanghai Composite index correction in 2015. The team could step in again soon as the US-China trade war escalates, analysts say. Follow the Shanghai Composite Index in real time here. As an escalating trade battle with Washington raises growth concerns in Beijing, Chinese stocks may get a helping hand from state-backed investors. Deutsche Bank analysts Michael Tong and Luka Zhu wrote in a note to cli...