Asian and European stocks mostly rose Wednesday on news that China's economy performed better than expected in the first quarter
London, (UrduPoint / Pakistan Point News - 17th Apr, 2019 ) :Asian and European stocks mostly rose Wednesday on news that China's economy performed better than expected in the first quarter.
The Chinese economy expanded 6.4 percent in January-March, the same as the previous quarter but better than forecast by analysts in an AFP poll.
Most investors welcomed the vital data because China's economy -- the world's second biggest after the United States -- is a key driver of global growth.
The news follows a number of readings indicating stability in China, with factory activity, exports, new loans and inflation all improving -- tempering concerns about a slowdown that could have a major impact on the global economy.
Markets nevertheless remain concerned over a broader Chinese economic slowdown -- and Beijing's ongoing trade war with Washington.
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