In a significant move to bolster its faltering economy, China has unveiled a massive stimulus package estimated at approximately $113 billion. This includes a surprise cut in mortgage rates and reductions in the central bank's policy rates, aimed at propping up the housing market and stimulating growth. As a result of these measures, Chinese stocks have experienced their most significant weekly gains since 2008, with a notable rally across various sectors. Wall Street is also reacting positively, with the S&P 500 and Dow Jones hitting record highs, attributed to the news of Chinese stimulus. While investors remain optimistic, analysts caution that the measures alone may not suffice to revive consumer spending and ensure long-term economic stability.