LIVE: China's Central Bank Cuts Rates, Unveils New Measures to Combat Economic Slowdown

China has rolled out a series of stimulus measures, including reductions to its key interest rate, as Beijing grapples with a slowdown. On Tuesday, Pan Gongsheng, Governor of the People’s Bank of China, Li Yunze, Minister of National Financial Regulatory Administration, and Wu Qing, Chairman of China Securities Regulatory Commission held a briefing about supporting high-quality development with finance. The People's Bank of China revealed additional government funding to bolster the stock market and support share buybacks, alongside further assistance for the troubled property sector.

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