China mulling 1.5trn yuan stimulus package

Chinese authorities are considering funnelling up to 1.5trn yuan ($16bn) into the economy in a bid to prop up growth.

The stimulus package, amounting to between 1.2trn and 1.5trn yuan, could drive between 5trn and 7trn in investments over the coming three years.

The projects were to be financed by commercial lenders, private investors and policy banks, state-owned news agency Xinhua reported citing the China International Capital Corporation.