News Snapshot:
BEIJING (BLOOMBERG) - China's top leaders told government officials last week that this year's economic growth target of "around 5.5 per cent" should serve as guidance rather than a hard target that must be hit, according to people familiar with the matter. Leaders held meetings with ministerial and provincial-level officials last week, during which they were told the target won't be used to evaluate their performance and there won't be penalties for failing to achieve it, according to the people, who asked not to be identified because they were not authorised to discuss the matter publicly. The leaders also acknowledged...
