Amidst a significant downturn in China’s stock market, the country is reportedly contemplating a multi-billion dollar rescue package to stabilize the situation. What Happened: The Chinese government is considering a series of measures to address the plummeting stock market. These measures could be announced as early as this week, Bloomberg reported on Tuesday. The authorities are looking to mobilize approximately 2 trillion yuan ($278 billion), primarily from the offshore accounts of Chinese state-owned enterprises. This fund would be used to purchase shares through the Hong Kong exchange link…