China's central bank has introduced new stimulus measures to combat deflationary trends and boost the economy. Charles Schwab's chief global investment strategist Jeffrey Kleintop joins Catalysts to share his perspective on these initiatives.

Kleintop maintains a cautious stance, stating that "the jury is still out" on the impact of these policies. He notes the "wide range of proposals," suggesting "a sense of urgency" from the central bank to revitalize the nation's economy. However, Kleintop expresses reservations about the long-term market effects, stating, "Only time will tell, but repeated attempts in recent years have not led to lasting gains."

Regarding the Chinese consumer, "I don't think this is a sign that the consumer is getting the support that the consumer needs. Remember, the consumer is now the biggest portion of China's economy, but all the stimulus lately has been directed towards self-sufficiency in semiconductors and green technology - areas where China's been cut off by the rest of the world," he told Yahoo Finance.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith