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
Weak consumer demand, reduced gov't spending are dragging on growth in China: economists
But consumer-friendly reforms are needed to sustain growth
The central bank said it will reduce the minimum down payment for mortgages
Regulators are striving to reassure investors after Chinese markets slumped in the past year
The move is the latest attempt at boosting the country's ailing property sector
Investor sentiment remains fragile
Experts say it’s unclear if Monday's order will be enforced in mainland China
What’s at stake: stable financial markets and a major driver of global economic growth