All the day’s economic and financial news, including reaction to China’s latest growth figures

European stock markets have opened higher, thanks to China’s growth figures.

Overnight there was a quartet of important Chinese figures, led by a better than expected 6.9% GDP reading.

That was joined by a far stronger than forecast industrial production number, an 11% increase in retail sales year-on-year and solid fixed asset investment figure.

China takes in a lot of raw materials, to drive its factories and underpin its infrastructure spending.

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