Why China's Economy Is In Trouble
In a surprise move, the Chinese central bank cut its interest rate to boost an economy known for rapid growth.By Bram Sable-Smith | November 22, 2014
For decades China has been known for its rapid expansion, with nearly 10 percent growth making it the world's largest trader and second largest economy.
But a move by China's central bank on Friday suggests the country's economy is sleepier than you might think.
In a surprise move, the People's Bank of China announced it was lowering interest rates, an action typically taken to bolster slowing economies. (Video via Euronews)