China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model. SEE MORE Mitsubishi UFJ Financial Group, the biggest commercial bank in Japan and the fifth-largest in the world, is reportedly considering a ban on lending to new coal-fired power stations. SEE MORE Northeast Asia’s spot propylene market could be entering a new period of uncertainty with the recent escalation in the trade dispute between the US and China. SEE MORE Trades in Asia's petrochemical markets are largely cautious ahead of a major regional conference, as uncertainty over the intensifying trade war between the US and China continued to cloud business sentiment. SEE MORE Chinese stocks closed weaker on Tuesday due to the escalating Sino-U.S. trade war, though prices recovered from early lows on suspected state-backed buying and comments from U.S. President Donald Trump that raised hopes of a deal between the two sides. SEE MORE