US-listed China stocks moved higher upon an announcement from the Chinese government of a new stimulus package. According to Bloomberg, the Chinese government is looking to use state-owned companies' funds to stabilize the market with a package worth $278 billion ( equivalent to 2 trillion Chinese yuan). Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist, joins Yahoo Finance to discuss China's announced stimulus package and the impacts it may have on markets and investor sentiment: "The real issue is turning around consumer sentiment, not even stock market sentiment, within China. It's this weak private sector demand while homebuyer deposits remain at risk in the form of the liabilities of failing developers. Remember, you put down 30 to 50% in cash when you want a developer to start building your house in China, and now, the troubles with those developers mean some of those deposits could disappear and that's what consumers are worried about — A big loss of their lifetime savings. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live Editor's note: This article was written by Nicholas Jacobino

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