Beijing is delaying opening of its financial borders as the leadership shifts to emphasize stability in response to economic slowdown, The Wall Street Journal reported, citing a wide range of officials, executives and advisers as well as the minutes of a September 22 closed-door meeting of top leaders from the National Development and Reform Commission and the Ministry of Finance. But even a new target of 6.5% annual economic growth for the next five years, announced by President Xi Jinping last week, may prove hard to hit, with analysts saying that it would require stepped-up stimulus measures that would run counter to long-discussed reforms that could squeeze near-term growth.
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