China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and sluggish spending.
The stimulus announced by the central bank come after warnings that more state support was needed to get the world's second-largest economy back on track and hit growth targets for 2024.
Here are the steps announced by Beijing this week, and how experts are reacting:
Rate cuts
The People's Bank of China on Wednesday cut its medium-term lending facility -- the interest for one-year loans to financial institutions -- from 2.3 percent to 2.0 percent. The rate was last lowered in July.
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