Sharp Slowdown in China

9 Dec , 2014

Trading data from China, the world's second largest economy, came in well below expectations on Monday, intensifying fears of a sharper slowdown.

China's economic growth had slowed to 7.3% in the third quarter, marking its weakest quarter since the global financial crisis. A cooling property market and tighter credit conditions clearly weighing on growth.

Last month, the government answered the economist’s calls for stimulus measures by unexpectedly cutting interest rates for the first time in over two years to spur activity but that hasn't done enough to curtail fears.

China, Market watch, Stock Market, World Economy