China Cuts Rates, Reserve Rules to Boost Lending Ahead of U.S. Trade Talks in Geneva

China’s central bank on Wednesday unveiled sweeping stimulus measures, according to PBS. Beijing's plans include cutting interest rates and reserve requirements to boost lending and increasing funding for factory upgrades, innovation, elder care, and service industries. The move comes as Beijing braces for high-level trade talks later this week in Geneva with Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer. Financial markets initially rose on news of China’s stimulus and upcoming U.S. trade talks, but gains faded as the broader trade standoff continued to weigh on investor sentiment.