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Global Economic Policy Direction Now Hinges on China’s Next Move

  • Party urging economic targets be hit despite virus downdraft
  • Coronavirus impact will test China’s moderate stimulus stance
Bloomberg business news
Economic Consequences of Coronavirus Are Severe, Oxford's Magnus Warns

The broad policy direction for many of the world’s central banks and governments now hinges on one question: how will the Chinese government respond to the economic shock caused by the coronavirus?

The Communist Party’s elite Politburo has urged the nation to meet its economic targets this year, an imperative that could shake the government’s recent reluctance to fire up large-scale stimulus.