China implements new stimulus measures to revive slowing economy.

China plans to inject stimulus funding of about $140 billion into its economy and loosen some property rules to boost economic growth, according to sources. The stimulus would be used to finance growth initiatives, such as infrastructure projects, and indirectly help local governments pay down debt. Beijing may also ease property-ownership rules to prop up the real estate sector. The central government's plans for more direct intervention in the economy follow interest rate cuts this week from the People's Bank of China.