China vows to save its companies from trade war pain — with cash

BEIJING — Less than a week after the United States and China struck each other with steep tariffs, Beijing has unveiled a basic outline to help Chinese companies absorb the blows, pledging to funnel money collected from levies to firms and workers tangled in the escalating trade war.

Officials also encouraged businesses here to roll back their reliance on U.S. goods, urging them to shift orders for products such as soybeans and auto­mobiles to suppliers in China or countries other than the United States.