China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year.

Bank of America reported robust earnings for Q4 2024, outperforming estimates with a huge increase in net income.

The real estate slump and uncertainty about future income have weighed on consumer spending and business confidence, adding to deflation concerns.

China's economy grew 5.4% in the fourth quarter from a year earlier, official data showed on Friday, significantly beating analysts' expectations and enabling the government to meet its annual growth target.