Chinese economy re-accelerates.

China's GDP rose 7.9% on year in Q4, slightly beating forecasts and topping Q3 growth of 7.4%. The re-acceleration confirms that the government's stimulus policies and a boost in trade have started to pull the economy out of its slowdown, although the full-year growth of 7.8% was the lowest since 1999. Still, stronger-than-expected industrial production and retail sales in December suggest that the economy is decently positioned for 2013.