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Editor's note: The third plenary session of the 20th Central Committee of the Communist Party of China has unveiled a road map for further comprehensively deepening reform in various sectors to advance Chinese modernization in the new era. China Daily is running a series of stories focused on specific reform measures and the implementation of the measures in different sectors and localities.

编者的话：中国共产党第二十届三中全会公布了对进一步全面深化改革作出系统谋划和部署。《中国日报》将重点关注具体改革措施及这些措施在不同部门、地区的实施情况。

China cut key interest rate benchmarks on Monday, demonstrating policymakers' strong commitment to strengthening macroeconomic policy support and putting into effect the measures outlined last week at a key meeting of the central leadership of the Communist Party of China, economists and analysts said.

经济学家、分析人士表示，我国7月22日将多个关键利率下调，展现出货币政策呵护经济回升的决心，是对二十届三中全会“坚定不移实现全年经济社会发展目标”要求的积极响应。

With the top-level meeting having mapped out reforms to bolster financial support for the real economy, they said China will likely take more action soon to enhance the effectiveness of interest rate adjustments and strengthen the capital market's ability to serve innovative enterprises as well as investors.

通过我国高层政治制定，目前已加强对实体经济支持的改革方案，将提高利率调整的有效性，并加强资本市场为创新企业和投资者服务的能力。

On Monday, the People's Bank of China, the nation's central bank, lowered the interest rate on seven-day reverse repurchase agreements or reverse repos — which serves as the short-term policy benchmark of interest rates — from 1.8 percent to 1.7 percent. The seven-day reverse repo is a central bank tool to inject liquidity.

根据央行7月22日公告，公开市场7天期逆回购操作采用固定利率、数量招标，操作利率由1.8%调整为1.7%。

Loan prime rates, China's market-based lending rate benchmarks, also dropped on Monday. The one-year LPR came in at 3.35 percent, after staying at 3.45 percent for 11 months. The over-five-year LPR, on which lenders base their mortgage rates, was lowered by 10 basis points to 3.85 percent.

贷款市场报价利率也有所下降。中国人民银行7月22日授权全国银行间同业拆借中心公布，1年期LPR下调为3.35%，5年期以上LPR下调为3.85%。

Analysts said the move will help boost investment and consumption by easing financing costs, as basic calculations indicate that Monday's cut can save abou