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.