Here’s How China Macro Policy Will Fight Coronavirus Fallout

The coronavirus outbreak has upended China’s economy just as it was regaining its footing after some cooling in the trade war -- with huge implications for macro policy. Bloomberg Economics expects measures to address four priorities that will evolve over time -- emergency support, restoring production, applying macro stimulus, and supporting the hardest-hit sectors. The intensity of the effort in each area is likely to vary at different stages: The government is well into the first stage and heading into the second. As it gets a grip on the outbreak, the focus should shift toward promoting growth.