China's central bank, the People's Bank of China (PBOC), announced a series of financial measures aimed at stimulating consumer spending and boosting economic growth. These measures include cutting the policy interest rate and lowering the reserve requirement ratio, which are expected to release approximately USD 138 billion in long-term liquidity into the financial system. Additionally, the PBOC conducted open market operations by injecting a net 43 billion yuan through seven-day reverse repurchase agreements at an interest rate of 1.4%. The central bank also stated that the expansion of government debt remains sustainable amid efforts to counteract economic pressures from ongoing trade tensions with the United States. These steps are part of a broader strategy to enhance financial services and support domestic consumption in the face of external economic challenges.