China Cuts Interest Rates, Injects Over $100 Billion In a bid to Boost Growth. CSI Index 300 Rises Over 4%

China’s central bank unveiled significant stimulus measures to revive its slowing economy. The People’s Bank of China cut a key short-term interest rate and reduced bank reserve requirements to the lowest levels since 2018. It also introduced policies to support the struggling property market. The bank plans to inject over $100 billion into the stock market. China’s CSI 300 Index rose over 4% on the news.