China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target, but analysts warned more fiscal help was vital to hit these goals.

The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.

China’s central bank lowered the interest rate charged on its one-year policy loans while net withdrawing liquidity via the lending, as the monetary authority shifts toward a short-term tool in an overhaul of its policy framework.

China's central bank will cut banks' reserve requirement ratio (RRR) by 50 basis points in the near future, freeing up about 1 trillion yuan ($142.21 billion) for new lending. Depending on the market liquidity situation later this year, the RRR may be further lowered by 0.25-0.5 percentage points, Pan said.

The Peoples Bank of China plans to cut the reserve requirement ratio by 50 basis points, with further reductions expected by year-end. Governor Pan Gongsheng suggested additional rate cuts, including a reduction in

China announced a broad range of stimulus measures on Tuesday to support the faltering economy, stabilise the housing sector and restore market confidence. Stocks and bonds jumped after the announcement.

China's central bank will cut banks' reserve requirement ratio by 50 basis points and further reduce key interest rates to support a recovery in prices, its governor Pan

Slowing investments in China by American corporate clients and intensified local competition have prompted US-based civil law firms to continue to reduce their presence in China. At least four US-based civil law firms which focus on corporate clients – Morrison Foerster,

By Tom Wilson and Kevin Buckland LONDON/TOKYO (Reuters) -Stocks globally slipped on Wednesday, with a continued stimulus-fueled rally in China the one bright spot, while the dollar came under pressure and crude oil retreated from a multi-week high.