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China weighs stock market rescue package backed by $278B -Bloomberg

By Inquirer - 10 months ago
Chinese authorities are considering measures to stabilize a slumping stock market, Bloomberg News reported on Tuesday citing people familiar with the matter, drawing a skeptical response from underwhelmed investors. Policymakers are seeking to mobilize about 2 trillion yuan ($278.53 billion), mainly from offshore accounts of state-owned enterprises, as part of a stabilization fund to buy

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