China considers $278B rescue package to stabilize markets

According to a Bloomberg report, China may enact a rescue package worth 2 trillion Chinese yuan — equivalent to upwards of $278 billion — to stabilize markets after massive losses tied to the pandemic. The stimulus plan aims to buoy the struggling Chinese economy and flailing equities markets. Yahoo Finance’s Seana Smith and Brad Smith break down the details. #youtube #stockmarket #China About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at - Download the Yahoo Finance app on Apple () or Android () - Follow Yahoo Finance on social: X: Instagram: TikTok: @yahoofinance?lang=en Facebook: LinkedIn: `