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.

The U.S.-China trade war that escalated Thursday with fresh tariffs on both sides is rooted in a battle for supremacy that encompasses national security as well as trade, leaving slim odds of an easy resolution. And no matter who wins, the conflict will sow the seeds of future trouble.