In a news release on Friday morning, China's National Bureau of Statistics reported its economy grew 5% in 2024 from a year ago, meeting its official target. Analysts polled by Reuters had expected China's full-year GDP growth to come in at 4.

Sales of consumer goods grew a moderate 3.5 percent, while hospitality sectors continued to outperform discretionary segments such as apparel, gold and jewelry.

The State and Treasury Departments say Chinese cybersecurity vendor Sichuan Juxinhe is behind the hacks into numerous US telecommunications companies.

WASHINGTON (Reuters) - The U.S. Treasury Department on Friday imposed sanctions on alleged hacker Yin Kecheng and cybersecurity company Sichuan Juxinhe Network Technology Co., accusing both of being involved in a series of hacks against American telecom companies.

The U.S. Treasury Department said Sichuan Juxinhe Network Technology Co. was directly involved in the deep compromises of the telecommunications firms.