A man sits in front of an electronic board displaying stock prices at a brokerage house in Beijing, Monday, June 25, 2018. Asian stock markets fell Monday and oil prices gave up some of their gains after Chinese regulators freed up extra money for bank lending amid a trade dispute with Washington. (AP Photo/Andy Wong)
NEW YORK: Chinese stimulus may rescue more than just the domestic economy.
Deutsche Bank AG predicts that the so-called National Team – a collection of state-backed institutional investors set up by the Chinese government to stabilise the market in mid-2015 – will be back with a vengeance after the Shanghai Composite Index posted its lowest close since 2014 on Monday as trade tensions ratcheted higher.
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