It's the biggest rate cut since the country was slammed by the Covid-19 pandemic in 2020
The country released a 50-page roadmap and cut key interest rates Monday
Progress against accelerating prices has been slowed by stickier-than-expected inflation for services
Weak consumer demand, reduced gov't spending are dragging on growth in China: economists
Moderate price growth is forecast, and arrears is expected to rise slightly
Easing financial conditions cushion impact of slowing global economy
Global rate cycle has turned, but central banks to stay cautious
Services inflation is running hot, while goods disinflation is set to slow, NBF says
Rate cuts on tap this year, although size and timing remain data driven
But consumer-friendly reforms are needed to sustain growth