China’s Economy at 6 Year Low

police-754567_640China’s economy still grew last quarter, but at the slowest pace seen since 2009’s economic crisis.

The world’s second-largest economy grew by 6.9 percent in the three months ended in September, the slowest since early 2009 in the aftermath of the global financial crisis, data showed Monday. That was down from the previous quarter’s 7 percent.

Weakening trade and manufacturing have fueled concern about possible job losses and unrest. The communist government has cut interest rates five times since last November in an effort to shore up growth.

Find out more at CBS Money Watch.

Photo courtesy of: glaborde7