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,

The effort to encourage consumption and jolt growth is more of a shotgun approach than the bazooka the market has been waiting for.

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 world’s second-largest economy has struggled to rebound from the pandemic, leading financial authorities to cut interest rates and support the property market.

China's central bank introduced its largest stimulus since the pandemic to rejuvenate the economy, including funding and interest rate cuts. Analysts, however, caution that more fiscal measures are necessary to achieve growth targets.

Chinese central bank stimulus boosts property market and stocks. Shanghai Composite up 3.5%, Hang Seng climbs 3.7%.

UK shares slipped on Wednesday, retracing gains from the previous session, as investors questioned whether the optimism over extensive stimulus measures in China was overdone. At 0715 GMT, the blue-chip FTSE 100 was down 0.

China unveiled more measures to boost its stuttering economy in a rare briefing by the head of the central bank, along with the securities and financial regulators. Here are the key takeaways from the

Stock markets diverged and oil prices fell on Wednesday as China's latest measure to bolster its economy, the world's second-largest, failed to spark another global rally.

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.