China announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump 's trade war, as the two sides prepared for talks later this week.

Beijing's central bank governor and other top financial officials outlined plans Wednesday to cut interest rates and reduce bank reserve requirements to help free up more funding for lending. They also said the government would increase the amount of money available for factory upgrades and other innovation and for elder care and other service businesses.