News Summary

• China is pumping tens of billions of dollars into eight state-owned banks and insurance companies.
• The cash injection will total 360 billion yuan ($53.6bn; £39.7bn) It marks the latest move in Beijing's attempts to reinvigorate the world's second largest economy.
• Beijing is aiming to reshape the economy in the face of a number of challenges such as a shrinking workforce, a years-long property market slump and ongoing trade and technology rivalry with the US.