China-exposed assets jumped on Tuesday after Beijing announced its biggest stimulus since the pandemic in a bid to pull the world's second-largest economy out of the deflationary funk that has shaken global currency and equity markets this year.

Global investors have waited a long time for Beijing to acknowledge "enough is enough" and save its ailing economy. Despite a positive reaction in the Chinese stock market, the stimulus package unveiled Tuesday resembles more of a pellet gun than a bazooka.

The raft of new measures aims to jumpstart the economy amid a yearslong property downturn, muted consumer demand, and high youth unemployment.

China’s central bank announced an unusually broad package that signals growing unease in Beijing after a run of downbeat numbers on jobs, spending and inflation.

In what amounts to a massive adrenaline shot for the world’s second biggest economy, China’s central bank unveiled a series of economic stimulus measures on Tuesday. China’s economy has been dogged by a property market crisis,

China unveiled some of its boldest measures in years on Tuesday aimed at boosting its struggling economy as leaders grapple with a prolonged property sector debt crisis, continued deflationary pressur