"Oil prices have resumed gains after two days of violent volatility, with Brent and WTI crude rising 0.65% and 0.18%. This follows better-than-expected data from China, fueling optimism about its continued recovery as the world's largest crude importer."
"China's GDP managed to grow at the official target of 5% in 2024, with the economy growing 5.4% in the fourth quarter compared to the same period last year, and 1.6% compared to the third quarter."
"Industrial production growth accelerated to 6.2% year-on-year in December, beating expectations and driven by improvements in industrial infrastructure, complemented by a rise in retail sales growth, which increased to 3.7% year-on-year in the same month."
"There is skepticism regarding the sustainability of China's economic recovery, particularly amid fears of a potential trade war due to Donald Trump's impending presidency, which could impose hefty customs duties on Chinese imports and affect economic growth."
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