China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target, but analysts warned more fiscal help was vital to hit these goals.

Emerging markets' stocks climbed to their highest since April 2022 on Tuesday after China introduced new measures to boost its sluggish economy.

In what amounts to a massive adrenaline shot for the world’s second biggest economy, China’s central bank unveiled a series of economic stimulus measures on Tuesday. China’s economy has been dogged by a property market crisis,