Davos blog: China growth, ECB stimulus in focus

The world's elite got down to business on the first day of the World Economic Forum, which was topped off with a hotly-anticipated address from China's Premier.

As well as discussing the world's second-largest economy, CNBC talked oil prices with the head of OPEC, tensions with the Russian deputy prime minister and debated "animal spirits" with Robert Shiller and Ken Rogoff.

See below for our live blog of all the breaking news and developments throughout the day (mobile users click here):