A woman attends to children near a mall with a go-kart track and merry-go-round n Beijing, Monday, July 22, 2024. (AP Photo/Ng Han Guan)
A child rides a slow train around a shopping district in Beijing, Monday, July 22, 2024. China's central bank cut key interest rates in a surprise move Monday, aimed at injecting new life into its ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on strategies for revving up the slowing economy. (AP Photo/Ng Han Guan)
Construction workers pass a housing project under construction on the outskirts of Beijing, China, on July 17, 2024. China’s central bank has cut both its five-year loan prime rate and its one-year rate, moving to revive its ailing property sector and rev up the slowing economy.(AP Photo/Vincent Thian)
A worker waters the lawn at a mall district in Beijing, Monday, July 22, 2024. China's central bank cut key interest rates in a surprise move Monday, aimed at injecting new life into its ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on strategies for revving up the slowing economy. (AP Photo/Ng Han Guan)
A women rides her bike past a housing project under construction on the outskirts of Beijing, China, on July 17, 2024. China’s central bank has cut both its five-year loan prime rate and its one-year rate, moving to revive its ailing property sector and rev up the slowing economy. (AP Photo/Vincent Thian)
FILE - A woman walks by China's central bank, or the People's Bank of China in Beijing, Tuesday, Feb. 20, 2024. China's central bank cut key interest rates in a surprise move Monday, July 22, 2024 aimed at injecting new life into its ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on strategies for revving up the slowing economy. (AP Photo/Andy Wong, File)