The package under work will include spending for disaster relief, infrastructure building and measures to help companies boost productivity, the newspaper said.
Sensex fell 336 points, or 0.82 per cent, to end at 40,794; Nifty closed at 12,056, down by 95 points or 0.8 per cent
Investors were uncertain about the fate of a 'phase-one' trade deal between the two economies
The precious metal is down 3.6% this month, the most since November 2016, when Trump won the US presidential election
Trump cast his relationship with Xi as the bulwark keeping China from moving against the pro-democracy movement that has rocked Hong Kong during almost six months of increasingly violent protests.
The administration slapped sanctions on September 25 on Dalian units of Chinese shipping company COSCO, a move that pushed global freight costs to record highs
US economic growth picked up slightly in the third quarter, rather than slowing as initially reported, while consumer spending rose steadily in October
China has brought forward 1 trillion yuan ($142.07 billion) of the 2020 local government special bonds quota to this year as it seeks to avert a sharper economic slowdown
Trump prompted questions about his commitment to protecting freedoms in Hong Kong when he referred in August to its mass street protests as "riots" that were a matter for China to deal with
Global equities edged off their highest in almost two years, but kept record levels in sight
Market players said short-covering and sustained foreign flows ensured markets remained bullish
World shares staged a cautious rally, while the safe-haven Japanese yen fell to a one-week low against the US dollar.
Barclays sees Brent trading near $60 a barrel for two years
The Dow Jones Industrial Average rose 42.15 points, or 0.15%, at the open to 27,917.77
Foreign ministry spokesman Geng Shuang made the comments during a daily briefing
Chinese President Xi Jinping, in rare comments on the trade tensions with Washington, said Beijing wants to work out an interim or 'phase one' trade pact, but is not afraid to retaliate when necessary
US-China trade war is going to give us a window of opportunity to expand our industry, says G V Prasad
This is the latest in a series of actions by the US government aimed at barring American companies from purchasing Huawei and ZTE equipment
Wang said that China's development and growth was an inevitable trend of history that no force could stop.
China's most obvious method of retaliation would be to stop buying American goods