China’s disappointing growth slowdown weighs on markets; oil hits new highs – business live

China’s disappointing growth slowdown weighs on markets; oil hits new highs – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Beijing has warned that economic risks have risen at home and abroad, after China’s economic growth was dragged down by power shortages and its housing crunch.

China’s GDP grew by just 0.2% in July-September, new figures this morning show, the weakest quarterly growth on record.