Key points:
- China's stock market is falling a lot and the government wants to help it.
- They plan to use money from Chinese companies that have accounts outside of China to buy shares in Hong Kong.
- They also want to use some local money to buy shares in mainland China.

Summary (for 7 years old):
China is having trouble with its stock market, which means the prices of many things people can invest in are going down a lot. The government wants to make it better and stop it from falling more. They have a plan to use money from Chinese companies that have accounts in other countries to buy shares in Hong Kong. This will help the stock market there. They also want to use some money from inside China to buy shares in mainland China, which is where they live. This will also help the stock market there. Read from source...

- The article title is misleading and sensationalist. It suggests that the Chinese government is actively weighing a rescue package, when in reality, it is only considering some possible measures. A more accurate title would be "China Considers $278B Stock Market Rescue Package Amid Slump: Report".
- The article does not provide any evidence or sources to support its claim that the government is looking to mobilize funds from offshore accounts of state-owned enterprises. This is a serious allegation that requires proper attribution and verification.
- The article uses vague and ambiguous terms such as "a series of measures" and "as early as this week". These expressions create uncertainty and speculation, rather than informing the reader about the actual situation. A more precise and clear language would be to specify what kind of measures are being considered and when they are expected to be announced or implemented.
- The article fails to mention any potential benefits or drawbacks of the proposed rescue package, as well as any alternative solutions or challenges that the Chinese authorities might face in addressing the stock market slump. This leaves the reader with an incomplete and one-sided perspective on the issue. A more balanced and comprehensive analysis would include a discussion of the pros and cons, the feasibility and effectiveness, and the risks and opportunities involved in the rescue package plan.

1. Invest in Chinese ADRs (American Depository Receipts) that are traded on U.S. exchanges, as they may offer some protection from the volatility in the mainland Chinese market. Examples include Alibaba Group Holding Ltd
(NYSE: BABA)
and JD.com Inc
(NASDAQ: JD).