In response to ongoing economic challenges, China has announced its largest stimulus measures since the pandemic, aiming to revitalize its slowing economy. The recent actions include cutting interest rates, reducing mortgage down payments, and freeing up cash for banks to encourage lending. As a result, stocks in China and US-listed Chinese companies have surged, contributing to a significant rally in global markets. Notably, Alibaba, JD.com, and other tech firms experienced substantial gains, while European stocks also rose amid this positive sentiment. Analysts express mixed views on the effectiveness of these measures, with some suggesting it may be 'too little, too late' to significantly impact consumer spending and the housing market. Overall, the market is responding positively to the news, with expectations that this stimulus could pave the way for improved economic conditions.