China cuts key rates to aid economy as trade war simmers

China's Monetary Policy Changes: China has cut its benchmark lending rates for the first time since October to stimulate consumption and loan growth amid economic slowdown, while major state banks have also lowered deposit rates to support commercial lenders' profit margins.

Economic Outlook and Challenges: Despite a temporary pause in the Sino-U.S. trade war, analysts express concerns about achieving China's growth target without significant stimulus, as recent economic indicators show weak performance in areas like new home prices and bank loans.