Chinese stocks posted their best day in years on Tuesday, the yuan jumped and bonds rallied briefly after Beijing announced a slate of support measures including rate cuts and fresh funding for equity purchases,

SINGAPORE: Chinese stocks surged on Tuesday, the yuan jumped and bonds rallied briefly after Beijing announced

China rolled out a raft of measures Tuesday aimed at countering a prolonged downturn in its property market that is weighing on the world’s second largest economy. The chief of China’s central bank said it would cut the amount of reserves banks are required to keep.

The Chinese central bank has reduced the amount of reserves banks are required to keep, among other moves it is rolling out to help revive the slowing economy