China unveils raft of stimulus measures to boost flagging economy

China's central bank has unveiled a major package of measures aimed at reviving the country's flagging economy.People's Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending.The move comes after a series of disappointing data has increased expectations in recent months that the world's second largest economy will miss its own 5% growth…