Beijing rolls out its first major policy moves since Trump’s actions in April.

China has announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump ’s trade war, as the two sides prepare for talks later this week. Beijing’s central bank governor and other top financial officials outlined plans to cut interest rates and reduce bank reserve requirements to help free up more funding for lending.

China's central bank on Wednesday announced measures to bolster the country's economy, cutting key interest rates amid growing pressure from Beijing's ongoing trade dispute with Washington. Banks will have to hold less cash than before with the reserve requirement ratio,