China is trying something different to survive trade war

As China's leadership heads into its first formal attempt to negotiate down potentially crippling tariffs on most of its exports to the United States, Beijing is girding the economy for the worst. Effective interest rate cuts by the central bank this week are part of the response to the slowing factory activity already wrought by Donald Trump's trade war. Monetary easing is also aimed at tackling older problems such as high youth unemployment, weak consumer spending and fallout from the property crash. Loading…