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
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