China hints at bringing in a stimulus package to support its faltering economy

News Snapshot:

China's politburo said late Monday that it would bring in a stimulus package to support the country's faltering economy. Tingshu Wang/Reuters China's top leaders said late Monday that they'd move to support the country's struggling economy. The Politburo acknowledged a stimulus package would be needed to deal with "new difficulties and challenges". The yuan and Chinese-listed stocks both rallied on the news, while oil solidified recent gains. China's leaders have pledged to bring in new measures to support the country's faltering economy, which is currently battling stagnant growth and soaring youth unemployment. Beijing's top decision-making body the Politburo said late...