China slashes rates 📉 and pumps $138.5B into its economy 💰 to counter trade war strains and domestic slowdown. Mortgage cuts, auto loan tweaks, and stimulus bets aim to revive growth.

- China’s central bank cut key rates and injected $138.5B to ease credit for businesses and homebuyers amid trade tensions and a property slump.

- First-time homebuyers see mortgage rates drop to 2.6%, while auto financing reserves phase down to 0% to spur spending.

- Analysts warn stimulus might lift markets short-term but stress broader fiscal action is needed to tackle weak demand and global trade frictions.