China unveils aggressive stimulus to boost economy

BEIJING — China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back toward the government's growth target, but analysts warned more fiscal help was vital to hit these goals.

The broader-than-expected package offering more funding and interest rate cuts marks the latest attempt by policymakers to restore confidence in the world's second-largest economy after a slew of disappointing data raised concerns of a prolonged structural slowdown.