In response to a worsening economic slowdown, China's central bank, the People's Bank of China (PBoC), has announced a series of support measures aimed at bolstering economic growth. Key actions include a cut in the 14-day reverse repo rate from 1.95% to 1.85% and the reduction of the reserve requirement ratio for banks by 50 basis points. These moves are part of a broader stimulus push as the country strives to meet its annual growth targets, despite domestic economic challenges that have global implications. Investors reacted positively to the news, with Chinese stocks rallying to four-month highs. Financial analysts suggest further rate cuts may be on the horizon as the PBoC prepares for an upcoming press briefing to discuss these developments.