China to Ramp Up Spending to Revive Economy, May Cut Growth Target, Sources Say

Pedestrians wearing face masks ride an escalator near an overpass with an electronic board showing the Shanghai and Shenzhen stock indexes, following an outbreak of the novel coronavirus in the country, at Lujiazui financial district, in Shanghai, China, on March 13, 2020. Aly Song/Reuters

BEIJING—China is set to unleash trillions of yuan of fiscal stimulus to revive an economy expected to shrink for the first time in four decades amid the CCP virus pandemic, while a planned growth target is likely to be cut, according to four policy sources.

The Epoch Times refers to the novel coronavirus, which causes the disease COVID-19, as the CCP virus because the Chinese Communist Party’s coverup and mismanagement allowed the virus to spread throughout China and create a global pandemic.