Exclusive: China to ramp up spending to revive economy, could cut growth target - sources

BEIJING (Reuters) - 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 coronavirus pandemic, while a planned growth target is likely to be cut, according to four policy sources. The ramped-up spending will aim to spur infrastructure investment, backed by as much as 2.8 trillion yuan (341 billion pounds) of local government special bonds, said the sources. The national budget deficit ratio could rise to..