The ongoing trade war between
The Shanghai Composite Index closed at 2844.51 Tuesday, down a half-percent for the day and 20 percent below the two-year high set in January.
Economic fears intensified Monday when the Trump administration announced new restrictions against Chinese firms with at least 25 percent ownership from buying technology companies.
Last week, Chinese stocks plunged nearly 4 percent in one day after Trump threatened to hit
Last year, the Chinese economy grew 7 percent and carried momentum that some economists thought unsustainable.
Chinese currency, which had gained ground against the dollar last year, is also taking a hit. Since , the yuan has fallen almost 2.4 percent.
To free up more cash for lending and promote new economic activity,