China’s Central Bank Launches Bold Stimulus to Boost Economy Amid Weak Consumer Confidence

In response to mounting economic challenges, China’s central bank has rolled out its largest stimulus since the pandemic, aimed at reviving its flagging economy. The People's Bank of China (PBOC) will cut key interest rates, reduce the amount of cash banks must hold as reserves, and ease mortgage terms to stabilize the struggling property market. The stimulus package arrives as the country faces weak consumer confidence and a downturn in the real estate sector. Although Chinese markets responded positively, with stocks and bonds rallying, experts suggest that further fiscal measures may be required to restore sustainable growth.