Hong Kong (CNN Business) China is pouring more cash into its flagging economy as it braces for further pain from the trade war with the United States.

China's central bank said Sunday that it would move to free up 750 billion yuan ($109 billion) for new lending in an attempt to prop up growth. It's the fourth time this year it has cut the amount of money banks are required to keep in reserve, but analysts say the problems run deeper.

The latest move is "far from enough to turn the economy around" because banks may still be reluctant to lend, said Larry Hu, an economist at investment bank Macquarie. He wrote in a note to clients Monday that the central bank will be forced to act again in the next few months.

China and the United States have imposed tariffs on hundreds of billions of dollars of each other's products.

Chinese officials have already turned to tax cuts, infrastructure spending and looser monetary policy as they seek to spur more economic activity

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