China to cut key lending rates by 10 points, bank reserve requirement ratio by 50 points
1. China cuts interest rates to bolster growth amid trade concerns. 2. The interest rate is lowered by 10 basis points. 3. The reserve requirement ratio will decrease by 50 basis points. 4. Talks between Chinese Vice Premier and U.S. Treasury Secretary are scheduled. 5. Negotiations signal potential easing of trade tensions.