China's Struggling Economy Faces Skepticism Despite Proposed $278 Billion Market Rescue Package

Experts question the effectiveness of the rescue package, predicting that upcoming company earnings could further challenge the markets.

China's economy is struggling with a real estate downturn, mounting debt, historic youth unemployment, and an exodus of foreign investment.
Beijing is considering a $278 billion rescue package to stabilize markets and restore investors' confidence following massive outflows of foreign capital last year.
Despite these measures, experts remain skeptical about the effectiveness of the rescue package, citing that boosting stocks won't solve the other issues plaguing the economy.
China's central bank announced a $140 billion liquidity injection for the banking system, its largest 'economic first aid package' in two years.
Upcoming company earnings may present additional challenges for the markets, with analysts predicting major downward earnings estimates revisions.